DBRS confirmed the ratings of JPMorgan Chase & Co. and unit JPMorgan Chase Bank NA, citing the company's "powerful franchise, strong and consistent earnings, and robust balance sheet fundamentals."
Specifically, the rating agency confirmed the company's AA (low) long-term issuer rating and R-1 (middle) short-term issuer rating. The bank's AA long-term issuer rating, AA long-term deposits rating and R-1 (high) short-term issuer rating are likewise confirmed. The trend for all ratings is stable.
DBRS sees limited positive ratings action since JPMorgan generally runs with a higher level of risk than similarly rated peers. However, over the longer term, if the company demonstrates continued success in managing risks across a large and complex organization, DBRS said there could be potential for positive ratings pressure.
On the other hand, DBRS noted that negative ratings pressure could arise if JPMorgan's financial profile weakens or if its risk appetite increases materially. The rating agency added that the ratings would likely come under pressure if a JPMorgan-specific scenario adversely impacts investor/client confidence.