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DBRS Morningstar confirms Citizens Financial Group ratings

DBRS Morningstar confirmed the ratings of Citizens Financial Group Inc., including the company's long-term issuer rating of A (low).

The rating agency also confirmed the ratings of the company's unit, Citizens Bank NA.

The support assessment for Citizens Bank remains at SA1, while that for Citizens Financial is SA3. The intrinsic assessment for Citizens Bank is A.

The trend for all long-term ratings at Citizens Financial was revised to positive from stable, while the trend for both long- and short-term ratings at Citizens Bank was revised to positive.

DBRS said the ratings confirmation and positive trend reflect the "ongoing momentum" Citizens Financial has realized through franchise investments and growing earnings.