Fitch affirms Fifth Third

Fitch Ratings said it affirmed the long- and short-term issuer default ratings of Fifth Third Bancorp.

The outlook is stable.

The agency said the affirmation is supported by Fifth Third’s good financial profile, which includes solid liquidity and funding, and stable asset quality.

Fifth Third’s operating earnings, after adjusting for large gains from its stake in Worldpay year-to-date, are consistent with similar-rated peers, Fitch said.

The agency said it believes that Fifth Third’s acquisition of MB Financial will enhance its overall franchise by adding deposit market share in the Chicago area and increasing the combined company's presence in middle market commercial lending.

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