NEW YORK--(EON: Enhanced Online News)--Kroll Bond Rating Agency (KBRA) has assigned senior long-term and short-term debt ratings of BBB+ and K2 to Comerica Incorporated (“Comerica” or “the group”), a bank holding company. In addition, KBRA has assigned a long-term rating of A- and a short-term rating of K1 to the senior deposits of Comerica Bank, the lead bank subsidiary of Comerica, headquartered in Dallas, Texas.
The ratings reflect Comerica’s comparative balance sheet strength and strong risk management. The ratings also incorporate the group’s franchise strength and stable strategy with regard to commercial lending, relationship banking, and minimal exposure to consumer real estate. Additionally, Comerica’s capital and liquidity profiles have remained strong over the past year.
The ratings are based on KBRA’s Global Bank and Bank Holding Company Rating Methodology, published May 2, 2013.