Fitch lifts Regions Financial

Fitch Ratings said it upgraded the long-term issuer default rating of Regions Financial Corp. and its operating subsidiary, Regions Bank, to A- from BBB+.

The outlook is stable.

Fitch also upgraded the viability rating of both entities to a- from bbb+ and affirmed the short-term issuer default rating at F1.

“The rating upgrade reflects RF's strong earnings power and improved risk profile,” the agency said in a news release.

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