Kroll Bond Rating Agency on April 11 affirmed several ratingsfor Salt Lake City-based Zions Bancorp.,including its senior unsecured debt rating of BBB.
Also affirmed were the company's subordinated debt rating ofBBB-, perpetual non-cumulative preferred securities rating of BB and the short-termrating of K2.
The rating agency also affirmed the BBB+ deposit rating and K2short-term rating and assigned a senior unsecured debt rating of BBB+ and short-termdebt rating of K2 for ZB NA.
The outlook on all long-term ratings is stable.
According to Kroll, the bank's capital levels are sound, itsasset quality is stable and its liquidity is healthy, considerations which factoredinto the ratings actions, which are also supported by the institution's risk managementframework, elimination of the CDO portfolio, and progress toward the efficiencyinitiative.