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Moody’s changes KeyCorp view to negative
Moody’s Investors Service said it changed its outlook for KeyCorp to negative from stable and affirmed its ratings, including its Baa1 senior unsecured rating.
KeyCorp.’s negative outlook reflects the tougher operating environment for U.S. banks, which will create challenges for funding, profitability and capital, the agency said.
However, Moody’s also noted the bank’s robust and diversified loan portfolio and its solid liquidity sources.
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