Fitch Downgrades Mellon Capital IV Following Remarketing; Removes Rating Watch Negative

NEW YORK--()--Fitch Ratings has downgraded Mellon Capital IV to 'BBB' from 'BBB+' and removed it from Rating Watch Negative following its remarketing into a perpetual non-cumulative preferred stock consistent with Fitch's criteria 'Rating Bank Regulatory Capital Securities' dated Dec. 15, 2011.

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Contacts

Fitch Ratings
Primary Analyst
Christopher Wolfe, +1 212-908-0771
Managing Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst
Joe Scott, +1 212-908-0624
Senior Director
or
Committee Chairperson
Joo-Yung Lee, +1 212-908-0560
Managing Director
or
Media Relations:
Brian Bertsch, +1 212-908-0549
Email: brian.bertsch@fitchratings.com

Contacts

Fitch Ratings
Primary Analyst
Christopher Wolfe, +1 212-908-0771
Managing Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst
Joe Scott, +1 212-908-0624
Senior Director
or
Committee Chairperson
Joo-Yung Lee, +1 212-908-0560
Managing Director
or
Media Relations:
Brian Bertsch, +1 212-908-0549
Email: brian.bertsch@fitchratings.com