Fitch affirms Laboral Kutxa

Fitch Ratings said it affirmed Caja Laboral Popular Cooperativa de Credito's (Laboral Kutxa) long-term issuer default rating at BBB+ with a stable outlook and viability rating at bbb+.

“The ratings primarily reflect Laboral Kutxa's moderate risk appetite, satisfactory capital buffers over regulatory requirements, improving asset quality and stable funding and liquidity profile,” the agency said in a news release.

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