Research Update: S&PCORRECT: PNC Financial Services Group Downgraded To 'A-/A-2' From 'A/A-1' Based On Revised Bank Criteria Dec 11
- Language: English
- Published: December 2011
Regions's recent financial performance has been somewhat better than our expectations. We are affirming our 'BB+/B' rating and revising the outlook to stable from negative. We expect Regions to remain profitable throughout 2011 and 2012, aided by lower loan-loss provisions. NEW YORK (Standard & Poor's) Aug. 5, 2011--Standard & Poor's Ratings Services said today that it affirmed its 'BB+/B' counterparty credit rating on Regions Financial Corp. (Regions) and its 'BBB-/A-3' rating on Regions's subsidiary Regions Bank. At the same time, we revised the outlook on both entities to stable from negative. "The outlook change mainly results from our revised expectation that Regions will remain profitable throughout 2011 and 2012, as we forecast a lower level of loan-loss provisions aided by...
Companies mentioned in this report are: Regions Financial Corp.,Regions Bank,Union Planters Capital Trust A,Regions Asset Management Co. Inc.,Regions Financing Trust II,Regions Financing Trust III,Union Planters Preferred Funding Corp.
Action: Outlook: Stable
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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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Regions Financial Corp.,Regions Bank,Union Planters Capital Trust A,Regions Asset Management Co. Inc.,Regions Financing Trust II,Regions Financing Trust III,Union Planters Preferred Funding Corp.