Fitch revises Trustmark view to negative

Fitch said it changed its outlook for Trustmark Corp. to negative from stable and affirmed the BBB issuer and subordinated ratings.

“The negative outlook reflects Fitch's view that TRMK's common equity tier 1 (CET1) ratio, Fitch's core metric for assessing capitalization and leverage, may fall and remain materially below Fitch's mid-tier regional bank peer median levels,” the agency said in a press release.

Before this rating action, Fitch said TRMK's ratings and stable outlook incorporated an expectation that the company would manage capital at or above the peer median over time and that a sustained CET1 ratio below the peer median could pressure ratings.

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