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Published on 10/7/2014 in the Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Fitch revises Zions outlook to stable

Fitch Ratings said it affirmed Zions Bancorporation's issuer default ratings at BBB-/F3.

The outlook was revised to stable from positive, largely due to continued underperformance relative to peer banks.

The action follows a periodic review of the large regional banking group, which includes BB&T Corp., Capital One Financial Corp., Comerica Inc., Fifth Third Bancorp, Huntington Bancshares Inc., Keycorp, M&T Bank Corp., MUFG Americas Holdings Corp., PNC Financial Services Group, Inc., Regions Financial Corp., SunTrust Banks Inc., US Bancorp, Wells Fargo & Co. and Zions.


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