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DBRS ups M&T Bank
DBRS said it upgraded most of the ratings of M&T Bank Corp. including the company’s long-term issuer rating to A (high) from A., DBRS also upgraded the ratings of its primary banking subsidiary, Manufacturers & Traders Trust Co.. to AA (low) from A (high).
“The upgrade reflects M&T’s sustained top-tier financial results and balance sheet strength. Given its strong track record, DBRS sees M&T as well positioned to achieve similar results going forward,” said DBRS in a press release.
The trend for all ratings is stable.
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