Moody’s raises Zions

Moody’s Investors Service said it raised Zions Bancorporation NA’s issuer rating to Baa1 from Baa2 and assigned a stable outlook.

The upgrade and stable outlook conclude the review started on Nov. 30 in response to Zions’ improved results, the agency said.

“The ratings upgrade also reflects Zions' sound capitalization, which is currently above the median of other large U.S. regional banks with a common equity tier 1 (CET1) capital ratio of 10.2% as of Dec. 31, 2021,” the agency said.

The outlook indicates the view Zions’ credit profile will remain unchanged over the next 12-18 months, Moody’s said.

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