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Fitch Revises The Co-operative Bank Plc's Outlook to Stable; Affirms at 'B' (Fitch Inc)

(Source: Fitch Inc) 19 Nov 2015 4:10 PM GMT/UTC Fitch Ratings-London-19 November 2015: Fitch Ratings has revised The Co-operative Bank Plc's (Co-op Bank) Outlook to Stable from Negative. Its Long- and Short-term Issuer Default Ratings (IDRs) have been affirmed at 'B' and its Viability Rating (VR) at 'b'. A full list of rating actions is available at the end of this rating action commentary. The Outlook revision reflects the progress the bank has made in deleveraging its non-core book and the consequent reduction in its tail risk. It also reflects our expectation that a greater degree of stability will be seen in the bank's management and in the implementation of the bank's stated strategy....

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