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TEXT-S&P raises U.S. Bancorp ratings
Overview -- We believe U.S. Bancorp (USB) should continue to outperform peers, delivering consistent revenue and earnings while maintaining a conservative growth strategy and solid capitalization. -- Supporting our expectation, we believe home prices are nearing a bottom in the U.S. This should enable USB's outperformance to continue, which the company's above-peer reserves to nonperforming loans and improving credit trends should support, in addition to its minimal exposure to mort ...
Published By: Reuters (Company news) - Monday, 20 August, 2012