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PNC » Topics » Ratings

This excerpt taken from the PNC 10-Q filed Nov 6, 2008.

Ratings

The asset-backed securities portfolio of $2.9 billion (fair value) accounted for approximately $564 million of unrealized losses at September 30, 2008.

Of this portfolio, $2.6 billion, or 87%, were rated “AAA” equivalent by at least two nationally recognized rating agencies. In the remaining portfolio, seven securities totaling $68 million, or 2%, were rated “BBB” equivalent or lower.

"Ratings" elsewhere:

City National (CYN)
Regions Financial Corporation (RF)
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