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Fitch Expects to Rate People's United Financial Inc. Senior Notes 'A-'

  Fitch Expects to Rate People's United Financial Inc. Senior Notes 'A-'

Business Wire

NEW YORK -- December 04, 2012

Fitch Ratings expects to assign an 'A-' rating to People's United Financial,
Inc.'s (People's) $500 million senior note issuance. The notes will bear an
annual coupon of 3.65%, payable semi-annually and will mature Dec. 6, 2022.

RATING DRIVERS AND SENSITIVITIES

The expected 'A-' rating is aligned to People's long-term Issuer Default
Rating (IDR) of 'A-'. Therefore, the senior unsecured issuance rating is
sensitive to rating changes to the company's IDR. People's ratings could face
negative pressure if operating performance trended negatively in comparison to
most recent quarters or if charge-offs were to significantly increase.
People's ratings remain on the high end of their potential range for the
foreseeable future.

Additional information is available at 'www.fitchratings.com'. The ratings
above were solicited by, or on behalf of, the issuer, and therefore, Fitch has
been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'Global Financial Institutions Rating Criteria' (Aug. 15, 2012);

--'Rating FI Subsidiaries and Holding Companies' (Aug. 10, 2012);

--'Rating Bank Regulatory Capital and Similar Securities' (Dec. 15, 2011).

Applicable Criteria and Related Research:

Global Financial Institutions Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686181

Rating FI Subsidiaries and Holding Companies

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679209

Rating Bank Regulatory Capital and Similar Securities

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=656371

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING
DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S
PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND
METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF
CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL,
COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM
THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Contact:

Fitch Ratings
Primary Analyst
Jaymin Berg, CPA
Director
+1-212-908-0368
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst
Christopher Wolfe
Managing Director
+1-212-908-0771
or
Committee Chairperson
Nathan Flanders
Managing Director
+1-212-908-0827
or
Media Relations
Brian Bertsch
+1-212-908-0549
brian.bertsch@fitchratings.com
 
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