New York, April 19, 2016 -- Moody's Investors Service has upgraded the long-term ratings of State Street Bank and Trust Company, as well as the senior debt ratings at its parent, State Street Corporation. State Street Bank and Trust's long-term deposit rating was upgraded to Aa1 from Aa2, its issuer rating was upgraded to Aa3 from A1, its senior unsecured bank note program rating was upgraded to (P)Aa3 from (P)A1, its subordinated debt rating was upgraded to Aa3 from A1, its subordinate bank note program was upgraded to (P)Aa3 from (P)A1 and its counterparty risk assessment was upgraded to Aa1(cr) from Aa2(cr). The holding company's senior debt rating was upgraded to A1 from A2 and its senior unsecured shelf rating was upgraded to (P)A1 from (P)A2. This concludes the rating review that was initiated on February 2, 2016. The outlook on State Street and its subsidiaries is stable.

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