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S&P upgrades Commercial Bank’s rating to A- from BBB+
S&P Global Ratings have raised their long-term issuer credit rating on the Commercial Bank to ‘A-’ from ‘BBB+’ and affirmed the ‘A-2’ short-term rating. The outlook is stable. According to S&P, “We believe that Commercial Bank’s stand-alone credit worthiness has strengthened, given improved asset quality and lower exposure to high-risk…
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