Fitch raises outlook for TSB and Cooperative banks

Mon, 02 Aug 2021

International ratings agency Fitch said it has raised the outlook for both TSB Bank and Cooperative Bank.TSB's outlook is now stable, up from negative previously, and affirmed its long-term issuer default rating of "A-" while Cooperative Bank's outlook is now positive, up from negative previously, and it affirmed its rating of "BBB".The TSB revised outlook "reflects our view that downside risk to TSB's operating environment, asset quality and earnings is much lower than our expectation in mid-2020", Fit...

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