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Regulation Headlines

Fitch Affirms L Brands, Inc.'s IDR at 'BB+'; Outlook Stable

(The following statement was released by the rating agency) NEW YORK, October 19 (Fitch) Fitch Ratings has affirmed L Brands, Inc.'s Long-Term Issuer Default Rating (IDR) at 'BB+'. The Rating Outlook is Stable. A full list of ratings follows at the end of this release. The rating reflects L Brands' position as a strong operator of two leading brands, proven track record of driving growth despite challenges in the broader retail space and a shareholder-friendly posture. L Brands has displayed str

Fitch Rates Fidelity Bank's Senior Notes 'B-/RR4'

(The following statement was released by the rating agency) LONDON, October 19 (Fitch) Fitch Ratings has assigned Fidelity Bank Plc's USD400 million 10.5% senior unsecured notes maturing on 16 October 2022 a Long-Term Rating of 'B-'. Based on Fitch's assessment on expected recoveries in a liquidation scenario, a final Recovery Rating (RR) of 'RR4' is also assigned to the notes, implying average recovery prospects. KEY RATING DRIVERS IDRS, NATIONAL RATINGS AND SENIOR DEBT The final rating is in l

Fitch Rates NBG II's EUR750m Covered Bonds 'B'; Outlook Positive

(The following statement was released by the rating agency) MILAN/LONDON, October 19 (Fitch) Fitch Ratings has assigned National Bank of Greece S.A.'s (NBG, RD/RD/ccc) Series 7 EUR750 million mortgage covered bonds due October 2020 a 'B' rating with Positive Outlook. The covered bonds are issued under NBG's covered bond programme II (NBG II). All previous outstanding bonds totalling EUR700 million were cancelled on 9 October 2017. KEY RATING DRIVERS The rating of the covered bonds is capped by G