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Fitch Affirms French Department of Essonne at 'AA-'; Outlook Stable

(The following statement was released by the rating agency) PARIS, December 08 (Fitch) Fitch Ratings has affirmed the French Department of Essonne's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'AA-' and Short-Term Foreign-Currency IDR at 'F1+'. The Outlook is Stable. The long-term issues of Essonne have been affirmed at 'AA-', including its EUR1 billion EMTN programme, and its short-term issues at 'F1+', including its EUR160 million commercial paper programme. The rati

Fitch Upgrades Iceland to 'A'; Outlook Stable

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Iceland - Rating Action Report https://www.fitchratings.com/site/re/907605 LONDON, December 08 (Fitch) Fitch Ratings has upgraded Iceland's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'A' from 'A-'. The Outlook is Stable A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS The upgrade of Iceland's IDRs reflects the following key rating drivers and t

Fitch Rates Pfizer's Notes Offering 'A+'

(The following statement was released by the rating agency) CHICAGO, December 08 (Fitch) Fitch Ratings has assigned an 'A+' rating to Pfizer Inc.'s sterling-denominated notes offering. The notes are being offered in exchange for existing sterling-denominated notes. The ratings apply to roughly $43.1 billion of debt outstanding at Oct. 1, 2017. KEY RATING DRIVERS Persistently High Leverage: Despite Fitch's expectation that Pfizer will continue to generate stable operating performance and signific

Fitch Affirms 3 Polish Banks; Outlooks Stable

(The following statement was released by the rating agency) WARSAW/LONDON, December 08 (Fitch) Fitch Ratings has affirmed the Long-Term Issuer Default Ratings of mBank SA (mBank) and mBank Hipoteczny (mBH) at 'BBB' and Bank Millennium at 'BBB-'. The agency has also affirmed the Viability Ratings (VR) of mBank and Millennium at 'bbb-'. A full list of rating actions is at the end of this rating action commentary. The affirmation of mBank and mBH reflects Fitch's opinion of a high probability that

Fitch Affirms Byblos Bank S.A.L. at 'B-'; Outlook Stable

(The following statement was released by the rating agency) LONDON, December 08 (Fitch) Fitch Ratings has affirmed Byblos Bank S.A.L.'s (BYB) Long-Term Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. Fitch has also affirmed the bank's Viability Rating (VR) at 'b-'. A full list of rating actions is at the end of this rating action commentary. BYB's ratings remain constrained by the sovereign rating (B-/Stable), and the Outlook on the bank's Long-Term IDRs mirrors that on the sovereign.