“FITCH RATINGS”: CHANGE OF CONTROLLING SHAREHOLDER IN “LIBERTY BANK” NOT TO IMPACT ON THE BANK’S RATING

Fitch Ratings released a statement today, pointing that change of controlling shareholder in Liberty Bank “should be neutral for the bank’s ratings” (B+ / stable).

The agency “believes that the control change may help the bank to diversify its funding base”, as Liberty Bank “might now gain access to wholesale funding sources which were previously unavailable due to the encumbrance of the bank’s shares”.