DBRS raises Regions Financial to BBB

DBRS said it upgraded Regions Financial Corp.’s issuer and senior debt ratings to BBB (high) from BBB.

The trend for all ratings is stable.

The action follows a detailed review of the company’s operating results, financial fundamentals and future prospects.

DBRS said the upgrade reflects the progress Regions has made improving its asset quality and reducing its risk profile, while improving core profitability. Specifically, since the financial crisis, Regions has de-risked its loan portfolio, strengthened its risk management process and reduced its concentration in commercial real estate and construction loans, 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.