S&P stabilizes Huntington Bancshares view

S&P said it revised its outlook on Huntington Bancshares and Huntington National Bank to stable from negative and affirmed its BBB+ rating on Huntington Bancshares and the A- rating on Huntington National Bank.

“We revised our outlook on our ratings to stable from negative to reflect the successful integration of TCF to date and the reduced potential for operational and cultural hurdles arising from the acquisition. Huntington completed the conversion of TCF in October 2021. Although operational issues could still arise given the size of the acquisition, the largest in Huntington's history, in our view any additional obstacles that could still emerge will likely be manageable and limited,” S&P said in a press release.

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