Moody's affirms Comerica's ratings, outlook stable, and assigns prospective shelf ratings
Moody's Investors Service affirmed the ratings of Comerica Incorporated and its bank subsidiary, Comerica Bank (together referred to as Comerica), and maintained its stable outlook. Comerica Bank is rated Aa3/Prime-1 for long- and short-term deposits. Its standalone baseline credit assessmen...Comerica is a financial holding company, engaged in lending to and accepting deposits from businesses and individuals. The company's segments are: Business Bank, which provides commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services; Retail Bank, which provides consumer lending, consumer deposit gathering and mortgage loan origination; and Wealth Management, which provides products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services.
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