Fitch revises Umpqua to stable

Fitch Ratings has affirmed the long- and short-term issuer default ratings of Umpqua Holdings Corp. and its operating subsidiary, Umpqua Bank, at BBB+ and F2, respectively.

The rating outlook has been revised to stable from negative.

The rating outlook revision reflects Fitch's view that Umpqua’s performance through the course of 2020 and its expected performance going forward are in line with the firm's rating.

The bank’s trust preferred securities are notched four levels below its viability rating, twice for loss severity and twice for nonperformance.

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