Fitch rates People's United notes A-

Fitch Ratings said it expects to assign an A- rating to People's United Financial, Inc.'s $500 million senior note issuance.

The agency said the expected A- rating is aligned to People's long-term issuer default rating of A-.

Therefore, the senior unsecured issuance rating is sensitive to rating changes to the company's issuer default rating.

The agency said People's ratings could face negative pressure if operating performance trended negatively in comparison to most recent quarters or if charge-offs were to significantly increase.

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