(Source: Fitch Inc) 27 Oct 2015 4:34 PM GMT/UTC Fitch Ratings-London-27 October 2015: Fitch Ratings has affirmed Close Brothers Group's (CBG) and its wholly owned banking subsidiary Close Brothers Limited's (CBL) Long-Term Issuer Default Ratings (IDRs) at 'A' with Stable Outlooks. Their Viability Ratings (VRs) have been affirmed at 'a'. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS IDRS, VRS AND SENIOR DEBT CBG's and CBL's IDRs reflect the group's resilient business model, which is based on secured lending, short maturity loans, small ticket size and a longer maturity profile of funding compared to lending. As a result of this strategy, the...
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