Moody's Investors Service ("Moody's") has upgraded the ratings and assessments of Synovus Bank, the operating bank subsidiary of unrated Synovus Financial Corp. The bank's standalone baseline credit assessment (BCA) was upgraded to baa2 from baa3, its long-term deposit rating was upgraded to A3 from Baa1 and its issuer rating was upgraded to Baa3 from Ba1. The bank's long-term counterparty risk rating was upgraded to Baa2 from Baa3 and its long-term counterparty risk assessment was upgraded to Baa1(cr) from Baa2(cr). Moody's has also upgraded Synovus Bank's short-term counterparty risk rating to Prime-2 from Prime-3 while its short-term deposit rating and short-term counterparty risk assessment were affirmed at Prime-2 and Prime-2(cr), respectively.

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Synovus Bank and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.

SAN DIEGO, CA / ACCESSWIRE / June 18, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors who formerly held FCB Financial Holdings, Inc. (NYSE: FCB) shares. Investors, ...