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Fitch revises outlook on Banque Internationale à Luxembourg

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Fitch revises outlook on Banque Internationale à Luxembourg

Fitch Ratings on Dec. 7 affirmed Banque Internationale à Luxembourg SA's BBB+/F2 long- and short-term issuer default ratings and revised the outlook on the long-term rating to positive from stable.

Fitch also affirmed the lender's BBB+/F2 long- and short-term debt ratings, "bbb+" viability rating, 5 support rating and No Floor support rating floor.

The positive outlook is based on the ongoing progress in the implementation of the bank's management strategy to strengthen its domestic franchise and measures to improve cost efficiency.