DBRS changes Regions Financial view

DBRS said it confirmed the ratings on Regions Financial Corp., including the long-term issuer rating of BBB (high), and confirmed the ratings on Regions Bank.

The trend for all ratings at the company and the long-term ratings at the bank have been revised to positive, while the short-term ratings at the bank remain stable.

The intrinsic assessment for the bank is A (low), while its support assessment remains SA1. The company’s support assessment is SA3 and its long-term issuer rating is positioned one notch below the bank’s intrinsic assessment.

The agency said the confirmation and positive trend reflect the ongoing progress the company has made improving its financial results, risk management and asset quality.

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