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Kroll affirms ratings of KeyCorp, unit

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Kroll affirms ratings of KeyCorp, unit

Kroll Bond Rating Agency affirmed several ratings of KeyCorp and unit KeyBank NA.

Affirmed were the company's senior unsecured debt rating of BBB+ and short-term debt rating of K2, as well as the bank's senior unsecured debt rating and deposit ratings of A- and short-term debt and deposit ratings of K2.

The outlook on all long-term ratings is stable.

KeyCorp's diversity within their product offerings, and their geographic footprint support the ratings, which are also supported by low double leverage, strong and stable asset quality, a stable revenue stream and strong deposit levels.