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-Fitch Rtgs: US Large Community Banks to See Rising Funding, Credit Costs

Oct 31, 2018 - ENP Newswire

Fitch Ratings' annual U.S. large community bank periodic review saw all Issuer Default Ratings and Viability Ratings affirmed.

Core earnings continue to improve for Fitch-rated large community banks, given net interest margin expansion and controlled expenses. Ratings were supported by benign credit costs and low (albeit rising) cost of funds, which helped support earnings, underpinned by conservative lending standards. Stable Ratings Outlooks were maintained on all but one bank, CVB Finan...