| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Co-operative Bank plc > News item |
Fitch ups Co-operative Bank
Fitch Ratings said it upgraded the Co-operative Bank plc's long-term issuer default rating to B from B- and removed it from Rating Watch negative.
Fitch also affirmed the bank's viability rating at b- and short-term IDR at B.
The outlook on the long-term IDR is negative.
“The upgrade of the IDR reflects Fitch's view that the issuance by the Co-operative Bank's holding company parent, the Co-operative Bank Finance plc, of £200 million of senior debt in November 2020, provides an additional layer of protection to the bank's senior creditors in the case of failure of the bank,” Fitch said in a news release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.