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The step has helped secure its stable credit ratings with Moody's Investor Service and Standard & Poor's.
Other regional banks were also helped by relatively stable credit quality in the quarter.
Second, rather than being "possibly bankrupt", Atlanta's city government recently received a stable credit rating from Standard & Poor's.
One of the bank's crucial achievements was maintaining stable credit quality in its existing businesses, Stephen K. Green, the chief executive, said in a presentation for analysts and investors.
Glasenberg said the debt reduction measures taken so far have contributed to its current stable credit rating and he plans to have net debt down to between $17bn and $18bn this year compared with $26bn at the end of 2015.
For young businesses and borrowers on the fringes of the banking system, risk assessment that scours the online world for information is better than a loan officer in a branch.Third, the fintech newcomers will create a more diverse, and hence stable, credit landscape.
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The marriage of Wall Street and Main Street has not been happy.The grand vision behind the merger increasing revenues by pushing Morgan Stanley's fixed-income, equity and other products through Dean Witter's large retail-brokerage pipeline and smoothing choppy investment-banking revenues with more stable credit-card and broking dollars—has in large measure failed to materialise.
In exchange, First City lent the stables $65 million without checking the stable's credit or value, prosecutors said.
Finland – home of reindeer, pickled fish and Nokia – is now the only eurozone country with a stable triple-A credit rating, according to Moody's.
He said it was possible to have a more stable system where credit growth and national income increased at the same pace.
Countries agreed to work together to fund infrastructure for energy, transport, and water and sanitation, and there was also a commitment to promote affordable and stable access to credit for smaller enterprises.
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