DBRS: Fifth Third unchanged

DBRS commented that the Q2 2009 earnings and operating performance of Fifth Third Bancorp reflected high credit costs but also resilience in core operating earnings that were within DBRS' expectations; thus its ratings, including issuer and senior debt at A, and negative trend remain unchanged.

On April 24, DBRS said it downgraded Fifth Third's senior debt to A and left the trend on negative.

The negative trend on the company's ratings reflects DBRS' perception that material amounts of potential losses remain embedded in the company's loan portfolios, the agency said.

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