Fitch Ratings Affirms Pohjola Pankki Oyj Ratings with Stable Outlook-Reuters

Reuters reported that Fitch Ratings has affirmed Pohjola Pankki Oyj's Long-term Issuer Default Rating (IDR) at A+, Short-term IDR at F1, and Viability Rating (VR) at a+. The outlook on the Long-term IDR is stable. The affirmation reflects the Company's strong Finnish franchise, solid asset quality, resilient profitability and strong capitalisation. It also factors in insurance risk, the Company's relatively small equity size compared with similarly rated peers, and concentration in a single, relatively small geographic market.