DBRS: U.S. Bancorp unchanged

DBRS Inc. said U.S. Bancorp's issuer and senior debt rating of AA are unchanged following the release of the company's third-quarter earnings.

The trend remains stable.

For the quarter, U.S. Bancorp reported net income of $1.3 billion, up 6% from the second quarter.

The solid third-quarter results highlight the strength of the company's franchise as well as its underlying balance sheet trends, according to the agency.

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