Morningstar DBRS Discontinues Its Credit Ratings on the Subordinated Debt and Preferred Stock of Regions Financial Corporation

DBRS Limited (Morningstar DBRS) withdrew its credit ratings on the Subordinated Debt and Preferred Stock of Regions Financial Corporation (Regions). The decision to withdraw the credit ratings was made for business reasons. The last credit rating action on these securities was on November 8, 2023, when Morningstar DBRS confirmed the Subordinated Debt credit rating at A (low) and the Preferred Stock credit rating at BBB, both with Stable trends. Morningstar DBRS notes that all of Regions’ other credit ratings remain in place and are unaffected, including its Long-Term Issuer Rating of “A” with a Stable trend.

A description of how Morningstar DBRS considers ESG factors within the Morningstar DBRS analytical framework can be found in the Morningstar DBRS Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings (23 January 2024) https://dbrs.morningstar.com/research/427030.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The principal methodology is the Global Methodology for Rating Banks and Banking Organisations (22 June 2023) https://dbrs.morningstar.com/research/415978. In addition Morningstar DBRS uses the Morningstar DBRS Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings (23 January 2024) https://dbrs.morningstar.com/research/427030 in its consideration of ESG factors.

The credit rating methodologies used in the analysis of this transaction can be found at: https://dbrs.morningstar.com/about/methodologies.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found on the issuer page at dbrs.morningstar.com.

The credit rating was not initiated at the request of the rated entity.

The rated entity or its related entities did participate in the credit rating process for this credit rating action.

Morningstar DBRS had access to the accounts, management, and other relevant internal documents of the rated entity or its related entities in connection with this credit rating action.

This is a solicited credit rating.

The conditions that lead to the assignment of a Negative or Positive trend are generally resolved within a 12-month period. Morningstar DBRS’ outlooks and credit ratings are under regular surveillance.

For more information on this credit or on this industry, visit dbrs.morningstar.com.

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