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Fitch rates Catholic Syrian Bank
Fitch Ratings said it assigned the Rs400 million subordinated debt program issued by The Catholic Syrian Bank (CSB) a national long-term rating of BBB+(ind).
At the same time, the agency also assigned the bank a support rating of 5. The outlook is stable.
Fitch said CSB's ratings reflect its small size, regional character and average financial profile.
The agency added CSB's net interest margin is healthy and has been rising.
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