Zions Bancorporation Outlook Upgraded to Stable, ‘BBB+’ Rating Affirmed by S&P
S&P Global Ratings affirmed Zions Bancorporation’s long-term rating at ‘BBB+’ and upgraded its outlook to Stable from Negative in November 2025. The revision reflects stronger capital ratios, stable deposit funding, expanding net interest margins and solid asset quality that support profitability and capital improvement.
1. Rating Action by S&P
In November 2025, S&P Global Ratings affirmed Zions Bancorporation’s long-term issuer credit rating at 'BBB+' and upgraded the outlook from Negative to Stable, reflecting the bank’s steady execution of its turnaround strategy.
2. Financial Profile Supporting Upgrade
S&P highlighted Zions’ enhanced capital ratios, stable core deposits and expanding net interest margins, as well as solid asset quality and funding stability that underpin expectations for stronger profitability and capital improvement over the next two years.