at 'A+'; Outlook Stable December 15, 2016 03:48 PM Eastern Standard Time NEW YORK--( BUSINESS WIRE )--This is a correction of a release published Dec. 13, 2016. It removes the ratings for JPMorgan Clearing Corp., which were included in error. 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+'. The Rating Outlook is Stable. The rating affirmations have been taken in conjunction with Fitch's periodic review of the Global Trading and Universal Banks (GTUBs). In addition, Fitch has assigned Derivative Counterparty Ratings (DCR) of 'A+(dcr)' to JPM and Bear Stearns Companies, LLC and a DCR of 'AA-(dcr)' to JPMorgan Chase Bank N.A as part of its roll-out of DCRs to significant derivative counterparties in Western Europe and the U.S. DCRs are issuer ratings and express Fitch's view of banks' relative vulnerability to default under derivative contracts with third-party, non-government counterparties.
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