DBRS Publishes Credit Rating Report on Fulton Financial Corporation & Related Entities
Banking OrganizationsDominion Bond Rating Service (“DBRS”) has today issued a credit rating report on Fulton Financial Corporation (“Fulton Financial” or the “Company”). The report discusses the rationale behind DBRS’s ratings of the Company. DBRS is releasing this report subsequent to its ongoing reviews of Fulton Financial.
DBRS confirmed the “A” Issuer and Senior Debt rating, assigned an A (low) rating to Subordinated Debt, and an R-1 (middle) rating to Short-Term Instruments for Fulton Financial. In addition, DBRS confirmed the A (high) Deposits and Senior Debt rating, and the R-1 (middle) Short-Term Instruments rating for the Company’s lead banking subsidiary, Fulton Bank. DBRS also assigned an A (high) Deposits and Senior Debt rating and R-1 (middle) Short-Term Instruments rating for other newly rated banking subsidiaries. All trends are Stable.