Fitch Lifts Bank Forum's Ratings Following Commerzbank Acquisition
7 March 2008
Fitch Ratings announced yesterday that it upgraded Bank Forum’s (FORM: BUY) long-term foreign currency issuer default rating to B- from BB- and support level to 5 from 3 on the acquisition of a 60%+1 stake in the bank by Germany’s Commerzbank. The ratings were removed from the Rating Watch Positive list.
