DBRS: PNC unchanged

DBRS said the A (high) issuer and senior debt ratings of PNC Financial Services Group, Inc. are unchanged following the release of the company's second-quarter 2012 earnings.

PNC reported net income attributable to common shareholders of $526 million for the quarter, down 31% from $766 million in the first quarter of 2012, DBRS said.

But PNC's balance sheet trends were positive, the agency said.

In the quarter, the company delivered both commercial and consumer loan growth that was achieved through its customer growth strategy and increased presence in new markets, particularly its southeast expansion, the agency said.

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