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S&P: Webster view to positive
Standard & Poor's said it revised its outlook on Webster Financial Corp. its main banking subsidiary, Webster Bank NA, to positive from stable.
At the same time, S&P affirmed its BBB- long-term counterparty credit rating on Webster and its BBB long-term counterparty credit rating on Webster Bank.
"The outlook revision reflects our recognition of Webster's gradual asset quality improvement and earnings recovery, which aids our view of the company's business stability over time," S&P credit analyst Barbara Duberstein said in a news release. "
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