Kroll Bond Rating Agency Assigns Senior Long-Term and Short-Term Debt
Ratings to Comerica Incorporated
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.
Kroll Bond Rating Agency
Marjan Riggi, 646-731-2354
Gregory Root, 646-731-2381
Isabelle Nana, 240-394-4153
Senior Financial Analyst
Press spacebar to pause and continue. Press esc to stop.