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Published on 10/29/2012 in the Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Fitch lowers TCF

Fitch Ratings said it downgraded the long-term issuer default ratings for TCF Financial Corp. and its principal banking subsidiary TCF National Bank to BBB from BBB+.

The outlook remains negative.

Fitch said the rating action is reflective of TCF Financial's continued asset quality deterioration.


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