DBRS confirms Webster

DBRS said it confirmed Webster Financial Corp.'s BBB issuer and senior debt rating and R-2 (middle) short-term instruments rating.

The trend remains stable.

The ratings are underpinned by a well-entrenched Southern New England deposit franchise that includes ample market shares, strong funding and liquidity profile that reflects a sizable core deposit base, DBRS said, and a solid capital position.

The ratings also are underpinned by the company's positively trending, yet still pressured asset quality and strained earnings generation, the agency said.

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