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The ratings agency said the downgrade s reflected a less favorable futurse for thefinancial sector, including tighter regulation, greaterf volatility and the likelihood that loan losses will The ratings actions were part of S&P’es regular review of the financial services industry. Huntington Bancshares (NASDAQ:HBAN), to BB+ from BBB, with a outlook. • Cincinnati-based (NASDAQ:FITB), to BBB from with a “negative” outlook. • Cleveland-based (NYSE:KEY), to BBB+ from A- with a outlook. • Minneapolis-based (NYSE:USB), to A+ from AA, with a outlook. Pittsburgh-based Inc.
’s (NYSE:PNC) counterparty creditt rating was changed to A witha outlook, from A on watcyh for a potential downgrade. PNC acquired Cleveland-basedr National City Corp. last year.
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