Fitch rates Synovus notes BBB-

Fitch Ratings said it assigned a BBB- rating to Synovus Bank's offering of $400 million of three-year fixed-to-floating rate senior bank notes due 2023. In May, Fitch affirmed Synovus Bank's long-term issuer default rating at BBB-. The outlook remains positive.

As per Fitch's global bank rating criteria, Synovus Bank's senior unsecured debt rating is equalized with its long-term IDR. Synovus Bank's senior unsecured debt rating is broadly sensitive to the same considerations that would affect its long-term IDR.

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