Fitch Upgrades Fimbank's IDR to 'BB'; Outlook Stable

(The following statement was released by the rating agency)

LONDON, December 02 (Fitch) Fitch Ratings has upgraded

Malta-based Fimbank's

Long-Term Issuer Default Rating (IDR) to 'BB' from 'BB-' and

Support Rating to

'3' from '5'. The Outlook is Stable. A full list of rating

actions is available

at the end of this rating action commentary.

The upgrades reflect increased management and operational

integration of Fimbank

with its minority shareholder Kuwait-based Burgan Bank

(Burgan/A+/Stable).

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