S&P: KeyCorp unaffected

Standard & Poor's said KeyCorp's (A/stable/A-2) revised guidance of increased charge-off levels will not affect its ratings.

According to S&P, the company increased its previous estimated range for net loan charge-offs to between 1% and 1.3% for 2008 from 0.65% to 0.9% of average loans.

The agency said the revised loss range remains within guidelines for current ratings but that asset quality will likely remain an important consideration.

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