Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 159

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 159
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 borrower will default on an obligation; the second rating reflects expected recovery rates on the credit facility. Default probability is determined based on, among other factors, the financial strength of the borrower, an assessment of the borrower’s management, the borrower’s competitive position within its industry sector, and our view of industry risk in the context of the general economic outlook. Types of exposure, transaction structure, and collateral, including credit risk mitigants, affect the expected recovery assessment. 

58

Commercial Credit ExposureCredit Risk Profile by Creditworthiness Category and Vintage (a)(b)As of September 30, 2025Term LoansRevolving Loans Amortized Cost BasisRevolving Loans Converted to Term Loans Amortized Cost BasisAmortized Cost Basis by Origination Year and Internal Risk RatingDollars in millions20252024202320222021PriorTotalCommercial and IndustrialRisk Rating:Pass$6,584 $6,163 $2,577 $5,613 $3,015 $4,348 $24,582 $143 $53,025 Criticized (Accruing)85 204 172 637 291 563 1,556 5 3,513 Criticized (Nonaccruing)6 21 17 53 23 8 124 1 253 Total commercial and industrial6,675 6,388 2,766 6,303 3,329 4,919 26,262 149 56,791 Current year gross write-offs8 8 18 30 8 21 150 — 243 Real estate — commercial mortgageRisk Rating:Pass2,015 930 619 2,191 1,651 3,235 1,183 28 11,852 Criticized (Accruing)22 109 119 430 228 365 28 11 1,312 Criticized (Nonaccruing)— — — 127 46 38 3 — 214 Total real estate — commercial mortgage2,037 1,039 738 2,748 1,925 3,638 1,214 39 13,378 Current year gross write-offs19 6 — 6 26 9 3 — 69 Real estate — constructionRisk Rating:Pass193 476 835 467 219