CHICAGO - Duff & Phelps Credit Rating Co. has reaffirmed its credit ratings for PNC Bank Corp. after it announced of a definitive agreement to acquire Chemical Banking Corp.'s southern and central New Jersey branches.

Duff & Phelps said the acquisition fits well will PNC's strategy of growing its consumer retail banking business and would not add to nonperforming assets.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.