Fitch assigns state-owned Dexia Bank Belgium a viability rating of 'bb,' which reflects its...

|By:, SA News Editor

Fitch assigns state-owned Dexia Bank Belgium a viability rating of 'bb,' which reflects its tight liquidity position and its substantial holdings of sovereign debt. On the plus side, DBB has a solid retail franchise, "acceptable earnings generation," and significant customer deposits. Guaranteed backing from the government also helps.