DBRS: Zions unchanged

DBRS said Zions Bancorporation's BBB (low) issuer and senior debt rating are unchanged following the release of the first-quarter of 2012 results.

The trend is stable.

Although macroeconomic headwinds continue to pressure Zions' loan growth and net-interest margin, DBRS said it views favorably the company's continued improvement in asset quality, which has led to lower credit-related expenses.

Furthermore, future earnings will benefit from lower TARP preferred stock dividends, the agency said.

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