S&P lifts Western Alliance Bank view to stable

S&P said it revised the outlook on Western Alliance Bank to stable from negative.

The agency also said it affirmed the BBB- long-term and A-3 short-term issuer credit ratings on the bank.

The outlook revision reflects a view that integration and credit risks from Western Alliance's two large mergers in 2015 and 2016 have diminished, S&P said, and that the company's growing capital ratios give it somewhat more flexibility to absorb any potential unexpected asset quality problems that could arise.

However, loan credit quality remains strong, S&P said.

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