NEW YORK--(EON: Enhanced Online News)--Kroll Bond Rating Agency (KBRA) has assigned senior long-term and short-term debt ratings of BBB- and K3 to Regions Financial Corporation (“Regions” or “the group”), a bank holding company headquartered in Birmingham, Alabama. In addition, KBRA has assigned a long-term rating of BBB and a short-term rating of K2 to the deposits of Regions Bank, the lead bank subsidiary of Regions. This rating was not solicited by Regions Financial Corporation and the bank did not participate in the ratings process. All information used in deriving this rating is based on publicly available information.
The ratings reflect Regions’ significantly improved asset quality and enhanced risk management. The ratings also incorporate the group’s reduced concentrations in commercial real estate and construction loans, making the Company less susceptible to severe losses in the event of a real estate downturn.
The ratings are based on KBRA’s Global Bank and Bank Holding Company Rating Methodology, published on May 2, 2013.
About Kroll Bond Rating Agency
KBRA was established in 2010 by Jules Kroll to restore trust in credit ratings by creating new standards for assessing risk and by offering accurate, clear and transparent ratings. KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).