DBRS: Cullen/Frost unchanged

DBRS Inc. said the ratings for Cullen/Frost Bankers, Inc., including its A issuer and senior debt ratings, are unchanged following the release of their fourth-quarter 2010 results.

The trend is stable.

Despite the slow growing economy, Cullen/Frost's operating performance remains resilient, DBRS said, underpinned by its solid Texas franchise.

Despite macroeconomic headwinds, Cullen/Frost's asset quality remains sound and credit metrics generally improved during the fourth quarter, the agency said.

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