DBRS: No change for Zions

DBRS said that its ratings for Zions BanCorp, including its BBB (low) issuer & senior debt rating are unchanged following the release of its 3Q10 results.

With the exception of its AAA rated FDIC guaranteed debt, which remains on stable trend, all ratings remain on negative trend, the agency said.

In light of declining credit costs, Zions reported an $80.5 million loss applicable to common shareholders, an improvement from the $135.2 million loss for the prior quarter, DBRS said.

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