...Resilient Core Performance Underpins Ratings: The affirmation of PNC's Viability Rating (VR) and Long-Term Issuer Default Rating (LT IDR) at ''a+' and 'A+', respectively, in September 2026 reflected its resilient core performance and growing franchise across the U.S. In Fitch Ratings' view, PNC is well positioned to face the impact of potentially higher interest rates on earnings and loan quality, underpinning the Stable Outlook on its LT IDR. Strong Business Profile: PNC's franchise is strong due to its national and diversified business mix, solid deposit base and stable non- interest income. PNC is the sixth-largest bank by deposit market share and the fourth largest by branch count (as of 2Q26). The 2021 acquisition of BBVA USA expanded PNC's branch footprint across a significant portion of the continental U.S. Its acquisition of FirstBank Holding Company, completed in 2026, further increased its presence in Colorado and Arizona. Robust Risk Profile: Fitch views PNC's risk profile as...
