NEW YORK - IBCA, the European rating agency, raised its long-term rating for Fint Bank System Inc. of Minneapolis to A from A-minus.
First Bank's short-term rating was raised to Al from A2. The long-term rating of the company's lead bank was raised to A-Plus from A.
IBCA cited the "steady advance" in First Bank's performance and capital levels in the past two years. The ratings affect about $300 million in long-term debt.