DBRS: People's unchanged

DBRS said that the 3Q11 financial results of People's United Financial, Inc. did not change its rating of the company's issuer & senior debt at A (low) with a stable trend.

People's reported net income of $52.9 million for the quarter, up from $51.2 million in the previous quarter and from $24.1 million in 3Q10, the agency noted.

Highlights of the strong quarter include robust organic loan and deposit growth, solid expense control, a stable margin and improving asset quality, DBRS added.

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