DBRS Morningstar confirms ratings of Fulton Financial, banking subsidiary

DBRS Morningstar confirmed the ratings of Fulton Financial Corp. and its primary banking subsidiary Fulton Bank NA.

The rating agency confirmed Fulton Financial's long-term issuer rating of A (low) and short-term issuer rating of R-1 (low), as well as Fulton Bank's long-term issuer rating of A and short-term issuer rating of R-1 (low).

The trend for all ratings is stable.

Fulton Financial's ratings and stable trend reflect the company's "solid community banking franchise and sound asset quality that is supported by conservative loan underwriting and a fairly granular loan portfolio," according to DBRS Morningstar.