Fifth Third Bancorp's (Fifth Third) credit profile has benefited from broadly improving asset quality, declining exposure to troubled real estate markets, and credit risk management enhancements. As a result, we are raising our long-term issuer credit rating on Fifth Third to 'BBB+' from 'BBB' and affirming our 'A-2' short-term issuer credit rating. At the same time, we are raising our issuer credit rating on its operating subsidiary, Fifth Third Bank, to 'A-' from 'BBB+' and affirming our 'A-2' short-term issuer credit rating. The outlook is stable, reflecting our expectation that Fifth Third will continue to generate at least $2.0 billion to $2.5 billion in core pretax, preprovision (PTPP) earnings annually, sustain a Standard&Poor's risk-adjusted capital (RAC) ratio higher
