Breaking News

Tweet TWEET

Kroll Bond Rating Agency Assigns Senior Long-Term and Short-Term Debt Ratings to Comerica Incorporated

  Kroll Bond Rating Agency Assigns Senior Long-Term and Short-Term Debt
  Ratings to Comerica Incorporated

Business Wire

NEW YORK -- November 4, 2013

Kroll Bond Rating Agency (KBRA) has assigned senior long-term and short-term
debt ratings of BBB+ and K2 to Comerica Incorporated (“Comerica” or “the
group”), a bank holding company. In addition, KBRA has assigned a long-term
rating of A- and a short-term rating of K1 to the senior deposits of Comerica
Bank, the lead bank subsidiary of Comerica, headquartered in Dallas, Texas.

The ratings reflect Comerica’s comparative balance sheet strength and strong
risk management. The ratings also incorporate the group’s franchise strength
and stable strategy with regard to commercial lending, relationship banking,
and minimal exposure to consumer real estate. Additionally, Comerica’s capital
and liquidity profiles have remained strong over the past year.

The ratings are based on KBRA’s Global Bank and Bank Holding Company Rating
Methodology, published May 2, 2013.

Contact:

Kroll Bond Rating Agency
Marjan Riggi, 646-731-2354
Senior Director
mriggi@krollbondratings.com
or
Gregory Root, 646-731-2381
Managing Director
groot@krollbondratings.com
or
Isabelle Nana, 240-394-4153
Senior Financial Analyst
inana@krollbondratings.com