Comerica outlook cut to negative - Fitch

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MUMBAI (Thomson Financial) - Fitch Ratings changed its outlook on Comerica Inc. to negative from stable, citing rising levels of non-performingassets, weaker earnings, and deterioration in capital ratios.
The revision also considers that a deteriorating economicenvironment could have a negative impact on the company'scommercial book in the future.
Comerica (nyse: CMA - news - people )'s ratings are affirmed and represent solid tangible capitalbase, sizeable non-interest-bearing deposit base, as well as soundrisk management practices and policies, Fitch said.
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