MUMBAI (Thomson Financial) - Fitch Ratings said it has affirmed Washington
Federal Inc's long-term issuer default rating (IDR) at 'A-' and short-term IDR
at 'F1'.
The rating outlook is stable, reflecting Fitch's expectation that the bank's
conservative approach to its business model should enable it to navigate current
challenges effectively, Fitch said.
The rating agency added the bank's low operating costs help it maintain
solid levels of profitability in the current difficult operating environment.
Fitch also affirmed the bank's individual rating at 'B' and support rating
at '5'.
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