DBRS: People's United unaffected

DBRS, Inc. said that People's United Financial, Inc.'s issuer and senior debt rating of A (low) are unaffected by its announced acquisition of 56 branches, all of which are located in the state of New York, from Citizens Financial Group.

The trend is stable.

DBRS said the branches augment targeted growth areas in and around the New York City metropolitan area, including Long Island and Westchester County, where People's has 37 existing traditional branches serving its customers.

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