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Moody's assigns First Horizon Bank notes Baa3
Moody's Investors Service said it assigned a Baa3 rating to First Horizon Bank's subordinate debt issuance.
“The assigned Baa3 subordinated debt rating is based on the bank's baa2 standalone baseline credit assessment (BCA) and follows Moody's notching practices for U.S. regional banks resulting from the application of its advanced loss-given-failure analysis,” the agency said in a press release.
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