Fitch affirms PNC Financial

Fitch Ratings said it affirmed the A+ issuer default rating of PNC Financial Services Group Inc.

The outlook is stable.

Fitch said it affirmed PNC's ratings in recognition of its improved franchise, solid core earnings power, and good capital and liquidity positions.

PNC is exposed to potentially higher levels of credit costs in the future given weak market fundamentals in the commercial real estate market, the agency said.

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