DBRS: Regions Financial unchanged

DBRS said that the ratings for Regions Financial Corp., including its BBB issuer and senior debt rating, are unchanged following the release of the company's first-quarter 2011 results.

The trend is negative.

Regions reported earnings of $69 million in the quarter, a $20 million decrease from 4Q10 but a substantial improvement over the $196 million loss in 1Q10, the agency said.

The company's results reflect the progress the company has made in dealing with its credit quality issues, but they also highlight the lagging pace of the credit quality improvement and the challenge that the company faces in restoring profitability to pre-crisis levels, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.