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Fitch Downgrades First Midwest Bancorp Ratings
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CHICAGO (AP) — Fitch Ratings said Friday it has downgraded the long-term issuer default ratings of First Midwest Bancorp Inc. and its subsidiary, First Midwest Bank, citing deteriorating credit quality and expected higher credit costs.
The agency also assigned the bank and its holding company a "Negative" ratings outlook.
Fitch lowered the companies' long-term issuer default ratings to "BBB" from "BBB+" and affirmed their short-term issuer default ratings of "F2." ...
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