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Fitch Upgrades Synovus Financial to 'BBB-'; Outlook Stable (Fitch Inc)

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(Source: Fitch Inc) 18 Nov 2015 7:35 PM GMT/UTC Fitch Ratings-Chicago-18 November 2015: Fitch Ratings has upgraded Synovus Financial Corp.'s (SNV) and its principal subsidiary Synovus Bank's long-term Issuer Default Ratings (IDRs) to 'BBB-' from 'BB+' and Viability Ratings (VRs) to 'bbb-' from 'bb+'. At the same time, Fitch has upgraded the companies' short-term IDRs (IDRs) to 'F3' from 'B'. The Rating Outlook has been revised to Stable from Positive. A full list of rating actions follows at the end of this press release. KEY RATING DRIVERS VR, IDR AND SENIOR DEBT Today's action reflects SNV's improvements in asset quality, stable operating performance, along with the maintenance of strong...

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