Fitch shifts U.S. Bancorp view to stable

Fitch Ratings said it affirmed U.S. Bancorp's long-term issuer default ratings at AA- and revised its outlook to stable from negative.

The outlook revision reflects the view that the company’s business model and risk culture will likely lead to strong risk-adjusted performance in line with the firm's high rating. “Moreover, it reflects the bank's proven ability to build capital levels in the face of a challenging operating environment,” Fitch said in a press release.

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