DBRS Discontinues the Rating of Webster Capital Trust IV Preferred Securities

DBRS, Inc. (DBRS) has today discontinued the rating of the Trust Preferred Securities issued by Webster Capital Trust IV, an affiliate of Webster Financial Corporation. The securities were recently redeemed.

Webster Financial Corporation’s ratings, including its Issuer & Senior Debt rating of BBB and Webster Bank, N.A.’s Deposits & Senior Debt rating of BBB (high), 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 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: Alan G. Reid
Initial Rating Date: May 30, 2006
Most Recent Rating Update: July 18, 2012

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