Fitch downgrades Fifth Third

Fitch Ratings said it downgraded the long-term issuer default ratings of Fifth Third Bancorp and Fifth Third Bank to A- from A.

Fitch also said it affirmed the companies' short-term issuer default rating at F1.

The outlook is stable.

The downgrades reflect an earnings profile that Fitch said it believes is more consistent with an A- rating.

The agency said it still views the bank as a high quality bank and in line with the large regional bank peer group.

The downgrade was largely driven by the acceleration of the Vantiv divestiture, which was unexpected during the last rating review, Fitch added.

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