DBRS revises Huntington Bancshares trend to negative

DBRS changed the trend to negative from stable and confirmed the ratings of Huntington Bancshares Inc., including the company’s long-term issuer rating of A. At the same time, DBRS changed the trend to negative and confirmed the ratings of its primary banking subsidiary, Huntington National Bank.

“The negative trend reflects the wide and growing scale of the economic disruption resulting from the coronavirus disease (Covid-19) pandemic, which is expected to pressure Huntington’s earnings and asset quality,” DBRS said in a press release.

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