Fitch lifts Commerzbank to BBB+

Fitch Ratings said it upgraded Commerzbank AG's long-term issuer default rating to BBB+ from BBB and its viability rating to bbb+ from bbb.

The short-term issuer default rating was affirmed at F2.

The outlook on the long-term issuer default rating is stable.

Fitch said the upgrades reflect Commerzbank’s improved profitability and capitalization, aided by ongoing de-risking, which resulted in a steady narrowing of losses from the bank's non-core-assets segment.

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