Fitch Affirms Republic Bank IDR at 'BBB'; Outlook Stable.NEW YORK -- Fitch Ratings has affirmed the ratings of Republic Bank Limited (Republic), including the long-term Issuer Default Rating (IDR IDR In currencies, this is the abbreviation for the Indonesian Rupiah. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) of 'BBB'. The Rating Outlook is Stable. (A complete list of ratings follows this release.) Ratings of Republic consider its well-established franchise, important position in its primary market of Trinidad and Tobago Trinidad and Tobago (trĭn`ĭdăd, təbā`gō), officially Republic of Trinidad and Tobago, republic (2005 est. pop. 1,088,000), 1,980 sq mi (5,129 sq km), West Indies. The capital is Port of Spain. (T&T), and its sound overall financial characteristics. The ratings are constrained in many international comparisons by Republic's relatively small franchise. The T&T economy continues to perform well, benefiting from strength in the economically important energy sector. In recent years, Republic's NPL 1. NPL - New Programming Language. IBM's original (temporary) name for PL/I, changed due to conflict with England's "National Physical Laboratory." MPL and MPPL were considered before settling on PL/I. Sammet 1969, p.542. 2. (non-performing loan) ratio has improved considerably, reflecting buoyant economic conditions, the resolution of old problems, and limited problem loan formation. Republic's capital position remains solid, despite considerable balance sheet growth in recent years and a fairly high dividend payout ratio Dividend Payout Ratio The percentage of earnings paid to shareholders in dividends. Calculated as: . Thanks to its favorable earnings level, the bank enjoys a good rate of internal capital generation. The Stable Rating Outlook factors in the continuance of solid financial fundamentals. Fitch has affirmed the following ratings: Republic Bank Limited --Long-term Issuer Default Rating (IDR) at 'BBB'; --Short-term IDR of 'F3'; --Individual rating of 'C'. --Support rating at '2'. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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