DBRS confirms Comerica

DBRS Inc. said it confirmed Comerica Inc. issuer and senior debt rating of A and its R-1 (low) short-term rating.

The trend is stable.

Comerica's ratings are underpinned by its strong market presence in providing financial services to a predominantly middle market business customer base across multiple markets, the agency said.

Comerica possesses sound capital, financial and liquidity profiles and has successfully expanded into higher-growth markets of California and Texas while maintaining a dominant presence in the Michigan market, the agency noted.

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