DBRS: PNC unchanged

DBRS said PNC Financial Services Group, Inc.'s issuer and senior debt rating of A (high) are unchanged following the release of the company's second-quarter 2011 results.

Despite the lack of revenue growth, PNC's diversified and recurrent revenue streams, historically well-managed expenses and strong liquidity all continue to support the current ratings level, the agency said.

The positive trends of recent quarters continued for PNC in the second quarter, DBRS said.

Further successes in growing relationships and gaining market share across the enlarged franchise also were again evident in the quarter, the agency said.

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