Fitch makes rating decisions on three banks
by MBJ Staff
Published: September 7,2011
Tags: banking and finance, Banks, credit rating, debt rating, financial institutions
GULFPORT and JACKSON — Fitch Ratings has made rating decisions on three banks. Fitch upgraded Whitney Bank’s long-term issuer default rating (IDR) to “BBB+” in the wake of the company’s June 2011 acquisition by Hancock Holding Company (HBHC).
Additionally, Fitch has assigned initial long- and short-term IDRs to Hancock Holding and Hancock Bank of “BBB+/F2.”
The rating outlook is “stable.”
In addition, Fitch has affirmed the long-term IDRs for Trustmark Corporation and its banking subsidiary, Trustmark National Bank at “A-.”
The rating outlook is “stable.”
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