Overview -- People's United Financial plans
Post# of 28539
Posted On: 12/04/2012 4:15:04 PM
Overview
-- People's United Financial plans to accelerate its common stock
share repurchases, which will lower capital sooner than we anticipated, though
we still expect capital ratios to remain relatively strong.
-- We are assigning a 'BBB+' rating on People's $500 million, 10-year
senior notes issuance.
-- We are affirming our 'BBB+' issuer credit rating on People's United
Financial and our 'A-/A-2' issuer credit ratings on its main bank subsidiary,
People's United Bank.
-- People's United Financial plans to accelerate its common stock
share repurchases, which will lower capital sooner than we anticipated, though
we still expect capital ratios to remain relatively strong.
-- We are assigning a 'BBB+' rating on People's $500 million, 10-year
senior notes issuance.
-- We are affirming our 'BBB+' issuer credit rating on People's United
Financial and our 'A-/A-2' issuer credit ratings on its main bank subsidiary,
People's United Bank.
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