NEW YORK (Standard&Poor's) Aug. 22, 2012--Standard&Poor's Ratings Services today said its ratings on Fifth Third Bancorp (BBB/Positive/A-2) are unaffected by the Federal Reserve's announcement that it did not object to Fifth Third's proposed capital actions through March 31, 2013. The capital actions were included in its capital plan, which was submitted in June to the Federal Reserve under the Comprehensive Capital Analysis and Review. We view Fifth Third's proposed capital actions as neutral for the rating. Our expectation that the company will sustain a Standard&Poor's risk-adjusted capital (RAC) ratio of approximately 8%-8.5% over the next 18-24 months remains unchanged. (According to our criteria, a RAC ratio of 7%-10% is "adequate." The forecast incorporates announced
