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DBRS reviews KeyCorp
DBRS said it placed KeyCorp's issuer and senior debt ratings of A (low) under review with negative implications and confirmed KeyBank NA and Key Nova Scotia Funding Co.'s R-1 (low) short-term ratings with a stable trend.
The review reflects concerns that Key continues to struggle with asset quality deterioration and credit costs that are weighing on its performance and have generated net losses for six consecutive quarters, the agency said.
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