DBRS Discontinues Zions’ FDIC Guaranteed Debt Rating

DBRS, Inc. (DBRS) has today discontinued Zions Bancorporation’s (Zions or the Company) FDIC Guaranteed Debt Rating. The Notes matured on June 21, 2012.

Zions’ ratings, including its Issuer & Senior Debt rating of BBB (low) are unaffected by today’s action. The trend on all ratings is Stable.

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

The principal applicable methodology is the Global Methodology for Rating Banks and Banking Organizations. Other methodologies used include the DBRS Criteria – Intrinsic and Support Assessments. Both can be found on the DBRS website under Methodologies.

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

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Lead Analyst: Mark Nolan
Approver: Roger Lister
Initial Rating Date: 5 January 2005
Most Recent Rating Update: 20 December 2011

For additional information on this rating, please refer to the linking document under Related Research.