DBRS Assigns Rating to State Street Corporation’s Preferred Shares – A (low), Stable Trend

DBRS Inc. (DBRS) has today assigned a rating of A (low), with a Stable trend, to the Preferred Shares of State Street Corporation.

The assigned rating is consistent with the standard DBRS methodology, with the Preferred Share rating at A (low) rated 3 notches below the Intrinsic Assessment rating for State Street Corporation.

State Street Corporation has an Issuer & Senior Debt rating of AA (low) and a Short-Term Instruments rating of R-1 (middle). All trends are Stable.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The principal applicable methodology is Rating Bank Preferred Shares and Equivalent Hybrids. Other methodologies used include the Global Methodology for Rating Banks and Banking Organizations. Both can be found on the DBRS website under Methodologies.

The sources of information used for this rating include the company documents and SNL Financial. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

Lead Analyst: William Schwartz
Rating Committee Chair: Alan G. Reid
Initial Rating Date: 11 November 2005
Most Recent Rating Update: 4 June 2010

For additional information on this rating, please refer to the linking document below.