Moody's affirms Associated Banc-Corp's ratings, outlook remains negative
Rating Action: Moody's affirms Associated Banc-Corp's ratings, outlook remains negative. Global Credit Research- 15 Dec 2021. New York, December 15, 2021-- Moody's Investors Service has affirmed the ratings of Associated Banc-Corp and the ratings and assessments of its main bank operating subsidiary Associated Bank, N.A. collectively referred to as "Associated", including the bank's a3 standalone baseline credit assessment, its A1/Prime-1 deposit ratings and its Baa1...Associated Banc is a bank holding company. Through its subsidiaries, the company provides banking and nonbanking products and services. The company has three segments: Corporate and Commercial Specialty, which includes lending solutions, deposit and cash management solutions, and financial services; Community, Consumer, and Business, which includes lending solutions, deposit and transactional solutions, investable funds solutions, trust and investment management accounts, insurance and benefits-related products and services, and fiduciary services; and Risk Management and Shared Services, which includes corporate risk management, credit administration, finance, treasury, and operations and technology.
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