New York, August 01, 2016 -- Moody's Investors Service upgraded the ratings of Synovus Financial Corp. and its bank subsidiary, Synovus Bank. Synovus Financial Corp. was upgraded to Ba1 from Ba2 for senior unsecured debt. Synovus Bank's long-term deposit rating was upgraded to Baa1 from Baa2. Its issuer rating was upgraded to Ba1 from Ba2 and its standalone baseline credit assessment (BCA) was upgraded to baa3 from ba1. The short-term deposit rating of Prime-2 was affirmed. The bank's counterparty risk (CR) assessment was upgraded to Baa2(cr)/Prime-2(cr) from Baa3(cr)/Prime-3(cr).

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