DBRS Announces Ratings Actions to Reflect PNC Financial Services Group, Inc.’s Charter Integration

DBRS has today taken rating actions following the merging and integration of PNC Financial Services Group Inc.’s (PNC or the Company) banking subsidiary, National City Bank into PNC Bank, N.A.

As part of the Company’s continuing integration efforts, effective November 6, 2009, National City Bank was merged with and into PNC Bank, N.A. As a result of the integration, DBRS has discontinued the Deposits & Senior Debt, Subordinated Debt and Short-Term Instruments ratings of National City Bank.

PNC’s Issuer & Senior Debt ratings of A (high) and PNC Bank, N.A.’s Deposits & Senior Debt ratings of AA (low) remain unchanged. The trend on these ratings remains Negative.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodologies are Rating Banks and Bank Holding Companies Operating in the United States, and Enhanced Methodology for Bank Ratings – Intrinsic and Support Assessments which can be found on our website under Methodologies.

This is a Corporate (Financial Institutions) rating.