Fitch may cut Webster Financial

Fitch Ratings said it placed the BBB issuer default rating of Webster Financial Corp. on Rating Watch negative and downgraded its individual rating to C from B/C.

The impact of heightened credit costs, goodwill impairment charges and further asset quality deterioration continue to impede earnings, contributing to four consecutive quarters of reported losses, according to the agency.

The company's regulatory capital ratios, maintained at prudent levels, partly mitigate concerns, the agency said.

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