DBRS on Dec. 9 upgraded several ratings of Regions Financial Corp., reflecting the progress the company has made improving its asset quality and reducing its risk profile, while improving core profitability.
The company's BBB (high) issuer and senior debt rating, BBB subordinated debt rating, R-2 (high) short-term instruments rating, and BB (high) preferred stock rating were upgraded.
DBRS also upgraded Regions Bank's A (low) senior debt and deposits rating and BBB (high) subordinated debt rating. It confirmed the bank's short-term instruments rating of R-1 (low).
The trend for all ratings is stable.