DBRS Discontinues Rating of Huntington Capital Trust III Preferred Securities

DBRS, Inc. (DBRS) has today discontinued the ratings of the Trust Preferred Securities issued by Huntington Capital Trust III, an affiliate of Huntington Bancshares Inc. The securities were recently redeemed.

Huntington Bancshare Inc’s ratings, including its Issuer & Senior Debt rating of BBB and Short-Term Instruments rating of R-2 (middle), 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 Reid
Initial Rating Date: May 13, 2006
Most Recent Rating Update: July 25, 2012

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