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Prospect News home > News index > List of issuers A > Headlines for Asian-Pacific Bank > News item
Published on 10/25/2019 in the Prospect News Emerging Markets Daily.

Fitch upgrades Asian-Pacific Bank

Fitch Ratings said it upgraded PJSC Asian-Pacific Bank’s long-term local- and foreign-currency issuer default ratings to B from B-.

Fitch cited a new management team, a reduced risk tolerance and the stabilization of Asian-Pacific Bank’s business model for the upgrade.

The outlook is stable.


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