Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 47

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 47
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 lend to us.

Figure 24. Credit Ratings 

March 31, 2025OutlookShort-TermBorrowingsLong-TermDeposits (a)SeniorLong-TermDebtSubordinatedLong-TermDebtCapitalSecuritiesPreferredStockKEYCORPStandard & Poor’sStableA-2N/ABBBBBB-BBBBMoody’sStableP-2N/ABaa2Baa2Baa3Ba1Fitch Ratings, Inc.PositiveF2N/ABBB+N/ABBBBDBRS, Inc.StableR-1 (low)N/AA (low)BBB (high)BBB (high)BBB (low)KEYBANKStandard & Poor’sStableA-2N/ABBB+BBBN/AN/AMoody’sStableP-2P-1/A2Baa1Baa2N/AN/AFitch Ratings, Inc.PositiveF2F2/A-BBB+BBBN/AN/ADBRS, Inc.StableR-1 (low)A AA (low)N/AN/A

(a)P-1 rating assigned by Moody’s is specific to KeyBank’s short-term bank deposit ratings. F2 assigned by Fitch Ratings, Inc. is specific to KeyBank’s short-term deposit ratings. 

Managing liquidity risk

Most of our liquidity risk is derived from our business model, which involves taking in deposits, many of which can be withdrawn at any time, and lending them out in the form of illiquid loan assets. The assessments of liquidity risk are measured under the assumption of normal operating conditions as well as under stressed environments. We manage these exposures in accordance with our risk appetite, and within Board-approved policy limits.

We regularly monitor our liquidity position and funding sources and measure our capacity to obtain funds in a variety of hypothetical scenarios in an effort to maintain an appropriate mix of available and affordable funding. In the normal course of business, we perform a monthly internal liquidity stress test at the consolidated KeyCorp level. From time to time, we may conduct internal liquidity stress tests more frequently, and use assumptions to reflect the changed market environment. Our testing incorporates estimates for loan and deposit lives based on our historical studies. Internal liquidity stress tests analyze potential liquidity scenarios under various funding constraints and time periods. Ultimately, they determine the periodic effects that major direct and indirect events would have on our access to funding markets and our ability to fund our normal operations. To compensate for the effect of these assumed