DBRS Discontinues Ratings of KeyCorp Capital VII and KeyCorp Capital X Trust Preferred Securities

DBRS, Inc. (DBRS) has today discontinued the ratings of the Trust Preferred Securities issued by KeyCorp Capital VII and KeyCorp Capital X, both of which are affiliates of KeyCorp. The securities were recently redeemed.

KeyCorp’s ratings, including its Issuer & Senior Debt rating of BBB (high) and KeyBank N.A.’s Deposits & Senior Debt rating of A (low), all with Stable trends, are unaffected by today’s action.

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.

Lead Analyst: Mark Nolan
Approver: Roger Lister
Initial Rating Date: 25 April 2003
Most Recent Rating Update: 4 April 2012

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