Fitch affirms KeyCorp

Fitch Ratings said it affirmed KeyCorp's long-term and short-term issuer default ratings at A-/F1.

The outlook is stable.

“The ratings reflect Key's stable and diverse business model, its consistently solid asset quality and its adequate capital position for it risk profile,” the agency said in a news release.

“The ratings also consider the bank's earnings profile, which has largely converged with the regional bank peer median, characterized by an expanding net interest margin, a diversified revenue mix and improving efficiency ratios.”

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