NEW YORK - Moody's Investors Service has put the debt ratings of Huntington Bancshares on review for possible downgrading.
Moody's currently has an "A2" rating on Huntington.
After three disappointing quarters, Huntington's "weaker financial characteristics" and the "competitive threats" to its business prompted Moody's to begin the review. The Columbus, Ohio, banking company announced last Thursday that Thomas E. Hoaglin would replace Frank Wobst as its chief executive officer, as part of an attempt to boost profits.
