M&T Bank Corp. Assigned 'A-2' Short-Term Issuer Credit Rating; Bank Note Programs Assigned Ratings - S&P Global Ratings’ Credit Research

M&T Bank Corp. Assigned 'A-2' Short-Term Issuer Credit Rating; Bank Note Programs Assigned Ratings

M&T Bank Corp. Assigned 'A-2' Short-Term Issuer Credit Rating; Bank Note Programs Assigned Ratings - S&P Global Ratings’ Credit Research
M&T Bank Corp. Assigned 'A-2' Short-Term Issuer Credit Rating; Bank Note Programs Assigned Ratings
Published Sep 25, 2023
3 pages (1184 words) — Published Sep 25, 2023
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (S&P Global Ratings) Sept. 25, 2023--S&P Global Ratings today assigned its 'A-2' short-term issuer credit rating to M&T Bank Corp. We also assigned 'BBB+/A-2' senior debt ratings and 'BBB/A-2' subordinated debt ratings to M&T Bank Corp.'s bank note program. In addition, we assigned 'A-/A-2' senior debt ratings and 'BBB+/A-2' subordinated debt ratings to Manufacturers&Traders Trust Co.'s $20 billion bank note program. General Criteria: Hybrid Capital: Methodology And Assumptions, March 2, 2022 Criteria Financial Institutions Banks: Banking Industry Country Risk Assessment Methodology And Assumptions, Dec. 9, 2021 Criteria Financial Institutions General: Financial Institutions Rating Methodology, Dec. 9, 2021 General Criteria: Environmental, Social, And Governance Principles In Credit Ratings, Oct. 10, 2021 General Criteria:

  
Brief Excerpt:

...September 25, 2023 NEW YORK (S&P Global Ratings) Sept. 25, 2023--S&P Global Ratings today assigned its 'A-2' short-term issuer credit rating to M&T Bank Corp. We also assigned '###+/A-2' senior debt ratings and '###/A-2' subordinated debt ratings to M&T Bank Corp.'s bank note program. In addition, we assigned 'A-/A-2' senior debt ratings and '###+/A-2' subordinated debt ratings to Manufacturers & Traders Trust Co.'s $20 billion bank note program....

  
Report Type:

Ratings Action

Ticker
MTB@US
Issuer
M&T Bank Corp.
GICS
Regional Banks (40101015)
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "M&T Bank Corp. Assigned 'A-2' Short-Term Issuer Credit Rating; Bank Note Programs Assigned Ratings" Sep 25, 2023. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/M-T-Bank-Corp-Assigned-A-2-Short-Term-Issuer-Credit-Rating-Bank-Note-Programs-Assigned-Ratings-3059782>
  
APA:
S&P Global Ratings’ Credit Research. (). M&T Bank Corp. Assigned 'A-2' Short-Term Issuer Credit Rating; Bank Note Programs Assigned Ratings Sep 25, 2023. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/M-T-Bank-Corp-Assigned-A-2-Short-Term-Issuer-Credit-Rating-Bank-Note-Programs-Assigned-Ratings-3059782>
  
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