Fitch affirms M&T Bank

Fitch Ratings said it has affirmed all ratings for M&T Bank Corp. and its principal bank subsidiaries, including the long-term issuer default rating of A-.

Fitch said it has also revised the outlook to stable from positive.

Fitch added that its affirmation of the company's ratings reflects the company's consistently sound financial performance during a difficult operating environment.

The company's ratings reflect its consistent earnings generation, good asset quality and liquidity, strong reserves, sound risk management, strong management team, yet leaner capital levels, the agency said.

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