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S&P ups Huntington Bancshares
Standard & Poor's said it raised the long-term counterparty credit rating on Huntington Bancshares to BBB from BB+ and on Huntington National Bank to BBB+ from BBB-.
The outlook is stable.
"The upgrade reflects our expectations that Huntington's credit quality and profitability will continue to improve in 2011, while its capital levels remain strong and provide ongoing protection against further economic headwinds," S&P analyst Catherine Mattson said in a statement.
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