DBRS changes Huntington Bancshares view

DBRS said it confirmed the ratings of Huntington Bancshares Inc., including its long-term issuer rating of A (low) and short-term issuer rating of R-1 (low).

At the same time, the agency confirmed the ratings of Huntington National Bank.

With the exception of the company’s short-term ratings, the trend on all other ratings was revised to positive from stable.

The intrinsic assessment for the bank is A, while its support assessment remains SA1.

The company’s support assessment is SA3 and its long-term issuer rating is positioned one notch below the bank’s intrinsic assessment.

DBRS said the actions reflect Huntington’s successful execution of its post-crisis strategy, having consistently achieved all its long-term financial goals, including positive operating leverage and top-tier returns, while maintaining a sound credit profile and building its franchise, which DBRS said it expects to continue.

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