DBRS Discontinues Fifth Third Bancorp’s Non-Cumulative Perpetual Convertible Prfd Stock, Series G

DBRS, Inc. (DBRS) has today discontinued and withdrawn the rating of Fifth Third Bancorp’s Non-Cumulative Perpetual Convertible Preferred Stock, Series G. All of the securities were converted into common stock.

Fifth Third Bancorp, including its Issuer & Senior Debt rating of A (low) with a Stable trend, is 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 include the DBRS Criteria: Intrinsic and Support Assessments, and DBRS Criteria: Rating Bank Preferred Shares & Equivalent Hybrids. These can be found at: http://www.dbrs.com/about/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.

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

[Amended on September 2, 2014, to reflect actual methodologies used.]

Lead Analyst: Mark Nolan
Approver: Alan G. Reid
Initial Rating Date: 27 July 2005
Most Recent Rating Update: 22 March 2013

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