Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 230

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 230
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 FICO scores provide information about the credit quality of our consumer loan portfolio as they provide an indication as to the likelihood that a debtor will repay its debts. The scores are obtained from a nationally recognized consumer rating agency and are presented in the tables below at the dates indicated.Most extensions of credit are subject to loan grading or scoring. Loan grades are assigned at the time of origination, verified by credit risk management, and periodically re-evaluated thereafter. This risk rating methodology blends our judgment with quantitative modeling. Commercial loans generally are assigned two internal risk ratings. The first rating reflects the probability that the 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. 

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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