Fitch affirms City Union Bank

Fitch Ratings said it affirmed City Union Bank's national long-term rating at A(ind) and the rating of its Rs. 500 million lower tier 2 subordinated debt program at A(ind). The bank's support rating also has been affirmed at 5.

The outlook is stable.

The ratings reflect the bank's small regional franchise and average asset quality, Fitch said.

The ratings also consider the bank's improved capitalization and sustained profitability, the agency said.

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