S&P: Regions Financial view stable

Standard & Poor's said it affirmed the BB+/B counterparty credit rating on Regions Financial Corp. and its BBB-/A-3 rating on Regions's subsidiary Regions Bank.

The outlook was revised to stable from negative.

"The outlook change mainly results from our revised expectation that Regions will remain profitable throughout 2011 and 2012, as we forecast a lower level of loan-loss provisions aided by gradually improving loan performance," S&P analyst Robert Hansen said in a statement.

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