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DBRS rates Wilmington debt A (low)
DBRS said that is assigned Wilmington Trust Corp. an issuer and senior debt rating of A (low) and Wilmington Trust Co. a deposits and senior debt rating of A.
The outstanding subordinated debt of Wilmington Trust Corp. was assigned a rating of BBB (high).
The ratings were assigned following the completion of the acquisition by M&T Bank Corp.
The trend is negative, consistent with the trend on M&T's ratings.
The ratings were equalized with the relevant ratings of M&T Bank and its principal bank subsidiary Manufacturers & Traders Trust Co.
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