S&P revises Synchrony Financial view to stable

S&P said it revised its outlook on Synchrony Financial and its bank subsidiary, Synchrony Bank, to stable from negative.

At the same time, S&P affirmed the BBB- issuer credit rating on Synchrony Financial and the BBB issuer credit rating on Synchrony Bank.

“The outlook revision and ratings affirmation reflect Synchrony's success in navigating the economic impact of the Covid-19 pandemic, as well as our view that it is well-positioned to absorb higher credit losses,” S&P said in a news release.

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