BRIEF-Moody's reviews M&T for downgrade (A3 senior) following acquisition announcement

Mon Aug 27, 2012 7:45pm EDT

Aug 28 (Reuters) - Moody's Investors Service placed the ratings of M&T Bank Corporation (M&T) and its subsidiaries on review for downgrade. The holding company is rated A3 for senior debt and its lead bank, Manufacturers & Traders Trust Company, has a standalone bank financial strength rating (BFSR)/baseline credit assessment (BCA) of C+/a2 and deposit ratings of A2/Prime-1.

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