Fitch affirms PNC Financial

Fitch Ratings said it affirmed PNC Financial Services Group, Inc.'s ratings at A+/F1.

The outlook remains stable.

“PNC's rating affirmation reflects the company's strong earnings profile, stable and diverse business model, consistent performance through time and solid liquidity profile,” the agency said in a news release.

“PNC's earnings remain solid and generally compare well with other large regional banks. Earnings have benefited from diversified sources of non-interest income, well-controlled core expenses and lower credit costs.”

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