Fitch Withdraws PNC Funding Corp's 'A+/F1' Long-Term IDR; Outlook Stable
Fitch is withdrawing the ratings of PNC Funding as PNC Funding is undergoing a reorganization/no longer exists.
This action follows the internal re-organization of PNC Funding, which has been merged into its parent, PNC Financial Services Group, Inc. (PNC) effective Aug. 23, 2016.
KEY RATING DRIVERS - IDRs
Fitch is withdrawing the IDRs of PNC Funding Corp as the entity no longer exists.
RATING SENSITIVITIES - IDRs
Rating sensitivities are no longer relevant given today's rating withdrawal.
Fitch has withdrawn the following ratings with a Stable Outlook:
PNC Funding Corp
--Long-Term IDR 'A+'; Outlook Stable;
--Short-Term IDR 'F1';
--Support Rating '5';
--Support Rating Floor 'NF'.
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