Standard & Poor's Ratings Group placed about $750 million of Shawmut National Corp. debt on credit watch with positive implications, in reaction to Shawmut's announced merger with Fleet Financial Group.

The agency also affirmed its ratings on about $1 billion of Fleet debt, revising its long-term rating outlook on the issues to "positive."

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.