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Fitch Affs Rtgs For Spain''s Caja De Ahorros De Murcia; Outlook Stable.

Publication: Business Wire
Publication Date: 17-DEC-03
Format: Online - approximately 553 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors

BARCELONA, Spain & LONDON--(BUSINESS WIRE)--Dec. 17, 2003

Fitch Ratings, the international rating agency, has affirmed the ratings of Caja de Ahorros de Murcia (CajaMurcia) at Long-term 'A', Short-term 'F1', Individual 'A/B' and Support of '3'. The Long-term Outlook is Stable.

CajaMurcia's ratings continue to reflect its consistently strong profitability and regional franchise, healthy asset quality, sound capital base, as well as its sustained track record in cost control.

The caja's strong profitability is supported by its robust retail banking revenue...

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