DBRS confirms Hancock

DBRS said it confirmed the ratings of Hancock Holding Co. and its rated bank subsidiaries, including Hancock's issuer and senior debt rating of A (low).

The trend for all ratings remains stable.

The rating action followed a review by DBRS of the company's operating performance, financial fundamentals and future prospects. The agency said that despite the protracted economic challenges, Hancock's credit fundamentals remain sound.

The confirmation and stable trend recognize the company's resilient earnings power; stressed, yet relatively sound asset quality; ample capital position; solid liquidity; and a deeply rooted community-based banking franchise, DBRS said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.