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S&P downgrades ratings on Regions Financial
Source: Wall Street Journal
Nov 04, 2009


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SAN FRANCISCO (MarketWatch) -- Standard & Poor's said Wednesday it downgraded its counterparty credit ratings on Regions Financial Corp. to BBB/A-3 from BBB+/A-2. The outlook is negative. S&P also lowered the counterparty credit ratings on Regions Bank to BBB+/A-2 from A-/A-2. "The rating action follows our full review of Regions' asset quality, operating performance, capital position, liquidity, and business profile, among other factors," said Robert Hansen, an S&P credit analyst, in a statement.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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