New York, July 18, 2013 -- Moody's Investors Service has upgraded the long-term ratings of Synovus Financial Corporation and its bank subsidiary, Synovus Bank. The senior unsecured debt of Synovus Financial was upgraded to B1 from B2. At Synovus Bank, long-term deposits were upgraded to Ba2 from Ba3 and the standalone bank financial strength rating/baseline credit assessment was upgraded to D/ba2 from D-/ba3. The short-term ratings of the bank were affirmed at Not Prime. Following the upgrade, the rating outlook is positive.

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