S&P changes Hancock to stable

S&P said it revised its outlook on Hancock Holding Co. to stable from negative and affirmed the BBB issuer credit rating.

The agency also affirmed the BBB+/A-2 issuer credit ratings on subsidiary Whitney Bank.

S&P said the outlook revision reflects a view that Hancock's asset quality will improve and loan losses will decline given substantially reduced energy loan exposures and the rebound in energy prices in recent years.

In addition, the agency said it believes that recent moderation in energy markets and the stabilization of oil and gas prices make it less likely that additional material problems will emerge either in Hancock's direct energy portfolio or from spillover effects within its local markets.

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