DBRS confirms People's United

DBRS said it has confirmed the ratings of People's United Financial, Inc. and its banking subsidiary, including the issuer & senior debt rating of A (low).

The trend remains stable.

The ratings action followed a detailed review of the company's operating results, financial fundamentals and future prospects, the agency said, noting that the ratings reflect its strong New England franchise, which is underpinned by significant core deposit funding and better-than-peer asset quality.

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