The rating agency Fitch released a statement affirming ‘EFG International’s (EFGInt) and its main operating subsidiary EFG Bank’s Viability Ratings (VR) at ‘a’ and their Long-term Issuer Default Ratings (IDR) at ‘A”.

As EFGInt intends to reach a non-prosecution agreement (NPA) under the US Tax Program and a financial settlement is expected. On current information Fitch ‘considers EFGInt’s capitalisation adequate’.