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Fitch Rates Huntington Bancshares, Inc.’s Convertible Preferred Stock Issuance ‘BBB+’ (Business Wire)

NEW YORK—-Fitch Ratings has assigned a ‘BBB+’ rating to the Non-cumulative Perpetual Preferred Stock issuance by Huntington Bancshares Inc. . Based upon Fitch’s hybrid rating criteria, the preferred stock has a high equity component due to the perpetual feature representing permanence of capital and the non-cumulative structure.

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