Moody’s could raise Regions Financial

Moody's Investors Service said it placed Regions Financial Corp.’s Baa3 senior unsecured, issuer and subordinated debt ratings, Ba2 (hyb) rating on noncumulative preferred stock and short-term issuer rating of Prime-3 on review for upgrade.

At Regions Bank, the baa2 standalone baseline credit assessment, A3 long-term and Prime-2 short-term deposit ratings, Baa3 senior unsecured and subordinate debt ratings and Baa1(cr) counterparty risk assessment (CR assessment) were also placed on review for upgrade. The Prime-2(cr) short-term CR assessment was affirmed.

Moody's said the review for upgrade will consider whether improvements in Regions' risk management infrastructure will lead to less earnings volatility in the next economic cycle and continue to support Regions' good asset quality performance.

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