(MTB) M&T Bank’s Rating Outlook Remains Negative – Ratings Affirmed by Fitch
M&T Bank Corporation’s (MTB) long-term and short-term issuer default ratings (IDRs) were affirmed by Fitch Ratings at “A-” and “F1,” respectively. However, the rating outlook remains “Negative.” The rating affirmation follows M&T’s announcement of agreeing to buy Wilmington Trust Corporation (WL) in a stock-for-stock transaction valued at around $351 million. According to Fitch, the combined entity’s [...] (MTB) M&T Bank’s Rating Outlook Remains Negative – Ratings Affirmed by Fitch
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