S&P downgrades Huntington, 21 other banks - Business First of Columbus:

http://honolulupd.org/hpd/index.htm
The ratings agency said the downgrades reflected a less favorablwe future for thefinancial sector, including tighterd regulation, greater volatility and the likelihood that loan losse will increase. The ratings actions were part of S&P’as regular review of the financiaoservices industry. • Huntington Bancshares to BB+ from BBB, with a outlook. • Cincinnati-based (NASDAQ:FITB), to BBB from “A-, with a outlook. • Cleveland-based (NYSE:KEY), to BBB+ from A- with a outlook. • Minneapolis-based (NYSE:USB), to A+ from AA, with a outlook. Pittsburgh-based Inc.
’s (NYSE:PNC) counterparth credit rating was changed to A witha outlook, from A on watch for a potential downgrade. PNC acquiredc Cleveland-based National City Corp. last year.