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Moody's: Regions Is Deemed Stable.(Regions Financial Corp.)(AmSouth Bancorporation )(Brief article)
NEW YORK -- Regions Financial Corp. and AmSouth Bancorporation are pursuing a merger that will create a top 10 bank holding company under the Regions Financial name.
Rating agency Moody's Investors Service said the merger is not likely to affect the residential mortgage servicer quality ratings of Regions Mortgage, which currently is rated "SQ2" as a primary servicer of prime and alt-A loans and rated "SQ2-" as a primary servicer of subprime credit quality loans.
"At this time we anticipate that the merger will have essentially a neutral impact on Regions' servicing platform," Moody's said in a press release.
Regions ...
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Source: HighBeam Research, Moody's: Regions Is Deemed Stable.(Regions Financial Corp.)(AmSouth...