Bloomberg News

Regions, Huntington Outlook Raised by S&P on Better U.S. Economy

June 20, 2013

Regions Financial Corp. (RF:US) and Huntington Bancshares Inc. were among U.S. banks to have their credit-rating outlooks raised by Standard & Poor’s, which cited an improving economy and strengthened housing industry.

The outlook for Regions, based in Birmingham, Alabama, as well as Huntington, Susquehanna Bancshares Inc. and BancorpSouth Inc. (BXS:US) were elevated to positive from stable, S&P said today in a statement. Zions Bancorporation (ZION:US)’s outlook was raised to stable from negative. The ratings for each lender were affirmed.

“Continued gains in housing and domestic private-sector credit will gradually drive a return to a more favorable operating economic environment for banks,” S&P said.

The ratings firm also boosted the outlook for Citigroup Inc. (C:US)’s operating subsidiaries, including its deposit-taking unit, to stable from negative.

To contact the reporter on this story: Dakin Campbell in San Francisco at dcampbell27@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net


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Companies Mentioned

  • RF
    (Regions Financial Corp)
    • $10.51 USD
    • 0.13
    • 1.24%
  • BXS
    (BancorpSouth Inc)
    • $21.66 USD
    • 0.51
    • 2.37%
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