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Singer & Friedlander credit ratings increased

The financial ratings for Singer & Friedlander Group and its principal banking subsidiary, Singer & Friedlander Limited have been raised by Fitch IBCA, the independent rating specialists.

The short and long term ratings for S&FG and S&FL have been increased to F1 and A from F2 and A- respectively.

Fitch IBCA defines a bank rated F1 as being of the highest credit quality.

Singer & Friedlander (Isle of Man) managing director Robin James says: “The improved ratings reflect the group&#39s increasing profitability and good loan quality and capitalisation.”

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