LONDON (Thomson Financial) - Fitch Ratings said it affirmed all ratings of
UMB Financial Corp and its principal banking subsidiary, UMB Bank with stable
outlook.
Fitch affirmed 'A+' long term and 'F1+' short term issuer default rating for
UMB Corp and UMB Bank.
Fitch said the affirmation reflects UMB Financial's current management that
has executed on strategies to improve earnings performance while maintaining its
conservative operating philosophy with regard to capital, liquidity and credit
quality.
While profitability remains below other 'A+' rated institutions, UMB has
shown the gradual improvement, in line with Fitch's expectations, the release
said.
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