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S&P shifts Huntington Bancshares view to negative
S&P said it revised its outlook on Huntington Bancshares Inc. and subsidiary the Huntington National Bank to negative from stable. The agency affirmed the BBB+ issuer credit rating on Huntington Bancshares Inc. and A- issuer credit rating on Huntington National Bank.
Huntington Bancshares agreed to acquire TCF Financial Corp.
“The negative outlook reflects our view of TCF Financial Corp.'s weaker creditworthiness relative to Huntington, as well as the heightened operational and integration risks of the acquisition,” S&P said in a press release.
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