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Fitch affirms Columbia Financial
Fitch Ratings said it affirmed Columbia Financial, Inc. and Columbia Bank's long-term issuer default rating at BBB and short-term issuer default rating at F2.
The outlook is stable.
The affirmation reflects the company's solid capital position, consistent operating performance and good asset quality, Fitch said.
The company's limited revenue diversity and geographic concentration are factors that constrain the rating, the agency said.
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