Moody's: Regions view stable

Moody's Investors Service said it changed the outlook for Regions Financial Corp. and its subsidiaries, including its lead bank, Regions Bank to stable from negative.

At the same time, Moody's affirmed their ratings, including Regions Financial's Ba3 senior unsecured rating and Regions Bank's D+ unsupported bank financial strength rating mapping to Ba1 on the long-term scale, long-term deposits of Ba1, and Not-Prime short-term rating.

Moody's said the outlook change reflects the reduction in Regions' risk concentrations and signs of stabilization in its asset quality. Specifically, commercial real estate and home equity have come down 31% and 8%, respectively, from the prior-year end, the agency said.

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