New York, June 23, 2014 -- June 23, 2014 -- Moody's assigned an A3 rating to the subordinated notes issued by People's United Bank (long-term deposit rating of A2, rating under review for downgrade). The bank's bank financial strength rating (BFSR ) is C+. Its standalone baseline credit assessment (BCA) is a2. People's United Bank is the lead bank of People's United Financial, Inc. (long-term issuer rating of A3, rating under review for downgrade).

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