NEW YORK — Moody's Investors Service has upgraded the long-term ratings of Huntington Bancshares Inc. and its subsidiaries, including its lead bank, Huntington National Bank. Among the changes, the holding company's senior debt rating was upgraded to Baa1 from Baa2. Following the ratings changes, the outlook on all entities is stable, Moody's said.
Moody's said the upgrade reflects the improvement in Huntington's credit profile as well as its enhanced standing relative to large U.S. regional bank peers. In particular, Huntington's asset quality and its capital have strengthened, Moody's said.