JPMORGAN Chase Bank Fitch Rating

Please provide rating details of JPMORGAN Chase Bank according to Fitch Ratings. I have rating information of all Indian banks according to this company. I don’t have any information about this Bank, so please provide me following details about JPMORGAN Chase Bank according to Fitch Ratings.

Hi I would like to know the rating given by Fitch for JPMORGAN Chase Bank o n various parameters of the credit & viability?

[Raman Vij]

Fitch Ratings has affirmed JPMorgan Chase & Co.'s (JPM) long-term Issuer Default Rating (IDR) at 'A+' and short-term IDR at 'F1'.

Fitch has also affirmed JPM's viability rating (VR) at 'a+', its support rating at '1', and its support rating floor (SRF) at 'A'.

The rating actions have been taken as part of a periodic review of the Global Trading and Universal Banks (GTUBs), which comprise 12 large and globally active banking groups.

Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) and senior debt rating of JPMorgan Chase Bank N.A. and the Long-Term IDR of J.P. Morgan Securities LLC to 'AA-' from 'A+' and upgraded the Short-Term IDRs and debt ratings of both to 'F1+' from 'F1'.

the agency has affirmed JPMorgan Chase & Co.'s (JPM) Long-Term and Short-Term IDRs at 'A+' and 'F1', respectively.

The Outlooks on the Long-Term IDRs are Stable. JPM's Long-Term IDR is driven by its Viability Rating (VR), which has been affirmed at 'a+'. The upgrade of JPM's operating subsidiaries' IDRs to one notch above their VRs reflects the expected implementation of total loss absorbing capital (TLAC) requirements for U.S. Global Systemically Important Banks (G-SIBs)

Fitch believes legislative, regulatory and policy initiatives have substantially reduced the likelihood of sovereign support for U.S., Swiss and European Union commercial banks.

Fitch forecasts weak growth in the eurozone during 2015 while growth in the US and UK is expected to be somewhat stronger, which should help the GTUBs with a significant presence in these regions.