Moody's ups Huntington view to stable

Moody's Investors Service said it changed the outlook on Huntington Bancshares Inc. and its subsidiaries, to stable from negative. Huntington's ratings include an A3 for senior debt.

Moody's said it based the outlook change on the bank's recent bolster to its capital base and the agency's view that, at the current rating level, Huntington is able to absorb potential losses stemming from its key risk concentrations.

Moody's also noted that the 2007 acquisition of Sky Financial has strengthened Huntington's deposit shares in Ohio and enhanced its commercial banking franchise in the U.S. Midwest.

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