Moody's upgrades Zions' ratings (long-term deposits to A1 from A2), concluding review; outlook stable
Rating Action: Moody's upgrades Zions' ratings, concluding review; outlook stable. Global Credit Research- 07 Mar 2022. New York, March 07, 2022-- Moody's Investors Service has upgraded the ratings and assessments of Zions Bancorporation, National Association, including its standalone Baseline Credit Assessment to a3 from baa1, its long-term deposit rating to A1 from A2, and its long-term issuer rating to Baa1 from Baa2.Zions is a commercial bank. The company provides a range of banking and related services, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company provides community banking services through its main business lines of small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; capital markets activities, including municipal finance advisory and underwriting; and investment activities.
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