21.02.2014 22:00:00
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M&T Capital Trust I -- Moody's affirms M&T's ratings, but changes outlook to negative (A3 issuer rating)
New York, February 21, 2014 -- Moody's Investors Service affirmed the ratings of M&T Bank Corporation (MTB) and its lead operating subsidiary, Manufacturers and Traders Trust Company. MTB's long-term issuer rating is A3. The lead bank's standalone bank financial strength rating (BFSR)/baseline credit assessment (BCA) is C+/a2 and its long- and short-term deposit ratings are A2 and Prime-1, respectively. Moody's changed its rating outlook on MTB and its subsidiaries to negative from stable.