S&P elevates Huntington Bancshares

S&P said it raised its issuer credit rating on Huntington Bancshares Inc. to BBB+ from BBB and its issuer credit rating on The Huntington National Bank to A- from BBB+.

The outlook on each entity is stable.

“The upgrade reflects our view that Huntington's noncomplex operating model, more conservative risk profile, and good financial performance should aid future business stability. The bank has also successfully increased its scale and deepened its market presence across its Midwest footprint by effectively integrating FirstMerit Corp., which it purchased in 2016,” S&P said in a news release.

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