DBRS: Comerica unchanged

DBRS said Comerica Inc.'s ratings, including the issuer and senior Debt ratings of A and its R-1 (low) short-term instruments rating, remain unchanged following the release of the company's 1Q11 financial earnings.

The trend is stable.

Comerica's 1Q11 net income attributable to common shares of $102 million, compared to $95 million in 4Q10 and a loss of $71 million in 1Q10, are adequate for its ratings, DBRS said.

Comerica continued to exhibit overall improving asset quality metrics in the quarter in an operating environment that has been characterized by loan growth challenges and low interest yields, the agency said.

The ratings consider Comerica's steady improvement in credit trends as the company focuses on strengthening its revenue streams and prepares for the integration of its pending acquisition of Sterling Bancshares, the agency added.

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