DBRS confirms Bank of New York Mellon

DBRS said it confirmed the ratings of Bank of New York Mellon Corp., including the company’s long-term issuer rating of AA (low) and short-term issuer rating of R-1 (middle).

The agency also confirmed the ratings of its primary banking subsidiary, Bank of New York Mellon.

The trend is stable.

The intrinsic assessment for the bank is AA, while its support assessment remains SA1. The company’s support assessment is SA3 and its long-term issuer rating is positioned one notch below the bank’s intrinsic assessment.

DBRS said the ratings reflect its leading asset servicing and investment management franchise, which generates consistent and diversified earnings through a primarily fee-based business model.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.