... affirmation of KeyCorp's (KEY) rating with a Stable Outlook reflects improvements in risk controls and structural profitability following the issuer's capital raise and balance sheet restructuring in 2024. The affirmation also incorporates the bank's solid asset quality, capital, and funding and liquidity profiles. Established Regional Banking Franchise: Fitch Ratings views KEY's franchise as well established, supported by broad commercial and consumer client relationships and a leading commercial mortgage servicing franchise. A growing fee-based business mix is fortified by solid contributions from its wealth management, cards and payments, and investment banking businesses. Fitch considers KEY's focus on industry specializations and relationship-led commercial banking as supportive of franchise stability. Strengthened Interest Rate Risk Management: KEY's risk profile benefits from conservative underwriting and carefully managed concentrations....
