S&P: KeyCorp, KeyBank view stable

Standard & Poor's said it revised its outlook on KeyCorp and its lead operating subsidiary KeyBank NA to stable from positive.

At the same time, the agency affirmed its BBB+/A-2 long- and short-term issuer credit ratings on KeyCorp and its A-/A-2 long- and short-term issuer credit ratings on KeyBank.

"The outlook revision and ratings affirmation reflect our lower expectations for KeyCorp's risk-adjusted capital, which we expect to remain at the higher end of large regional bank peers', balanced against meaningful improvement in the bank's asset quality and risk profile," S&P credit analyst Rian Pressman said in a news release.

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