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Kroll affirms Zions Bancorp

Kroll Bond Rating Agency on March 29 affirmed several ratings of Salt Lake City-based Zions Bancorp., including its unsecured debt rating of BBB, subordinated debt rating of BBB- and short-term rating of K2.

The rating agency also affirmed ratings of unit ZB NA, including its senior unsecured debt and deposit ratings of BBB+, and short-term deposit and debt ratings of K2. Kroll also assigned a BBB rating for the bank's subordinated debt.

The outlook on the long-term ratings was revised to positive from stable.

Kroll attributed the outlook revision to the bank's better-than-average capital, improving earnings returns and healthy liquidity.