DBRS: Fifth Third unchanged

DBRS said that the ratings for Fifth Third Bancorp, including its issuer & senior debt rating of A (low), remain unchanged following the release of its 3Q11 earnings.

The trend remains stable.

Fifth Third recorded a strong third quarter, reporting net income available to common shareholders of $373 million that increased 14% or $45 million from the prior quarter and 112% from the same period a year ago, the agency added.

The results reflect the company's solid financial fundamentals, improving earnings capacity and resilience in a difficult economy, the agency noted.

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