Synovus Credit Rating Analysis and Insights

Synovus Bank's credit rating has been stable over the years, with a rating of BBB+ from S&P Global Ratings.

This stability is a result of the bank's strong capital levels and solid earnings performance, as seen in their annual reports.

Synovus has a significant presence in the southeastern United States, with over 190 locations and more than $45 billion in assets, according to their latest financial statements.

Their diverse business model, which includes commercial and retail banking, mortgage services, and wealth management, contributes to their financial stability.

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Your credit score is a three-digit number that reflects your financial responsibility when it comes to borrowing money. It's calculated based on the information in your credit report, which is like a report card of your financial history.

The most commonly used credit score is the FICO score, which ranges from 300 to 850. It's influenced by five major factors: payment history, amount owed, length of credit history, new credit, and credit mix.

Here's a breakdown of the FICO score factors:

Understanding these factors can help you improve your credit score and make informed decisions about your financial health.

Your FICO score is like a report card for your financial behavior, but what exactly is it based on? FICO scores range from 300 to 850, and the three major credit bureaus - Experian, Equifax, and TransUnion - have a say in it.

The model used to calculate your FICO score can vary, and it's not always up to date. In fact, the company that creates the FICO model updates the criteria periodically to keep up with changing consumer behavior. This means that your score might differ between bureaus, and it's a good idea to keep tabs on all three.

There are currently 10 primary models of FICO scores, and individual lenders can choose which one to use. Some lenders even have their own proprietary scoring system. The most widely used model is FICO 8, which was introduced in 2009, but a new version, FICO 10 Suite, is now available to lenders.

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Here's a breakdown of the five major factors that influence your FICO score, regardless of which model is used:

The exact algorithm used to calculate your credit score is proprietary, but these five factors are the foundation of it. Missing just one payment can negatively affect your score, while always paying your bills on time will boost your score higher.

Calculating ESG risk is a crucial step in understanding a company's creditworthiness. ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks.

These ratings assess how well a company is managing those risks, giving us a comprehensive view of their credit risk. The ESG Risk Ratings take into account a company's overall performance and resilience.

By evaluating a company's ESG risk, we can better understand their potential for long-term financial stability and growth. This information can be used to make more informed investment decisions.

In essence, ESG risk calculation is a vital tool for investors and lenders to assess the creditworthiness of a company.

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Exposure refers to the extent to which a company is exposed to different material ESG issues.

Our exposure score takes into consideration subindustry and company-specific factors such as its business model. Synovus Financial Corp.'s Exposure is Medium.

This means that Synovus Financial Corp. has some level of exposure to material ESG issues, but the extent of this exposure is not extremely high.

ESG issues can include environmental, social, and governance factors that may impact a company's financial health.

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Your credit score is a three-digit number that reflects how responsible you are when it comes to borrowing money. This number is based on all the information in your credit report.

Think of your credit report as a report card, and your credit score as your final grade. The higher your credit score, the better.

A credit score can range from 300 to 850, with higher scores indicating better creditworthiness. This is why it's essential to keep an eye on your credit score and work towards improving it over time.

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Here's a rough guide to help you understand what your credit score might mean:

Your credit report is a summary of all your financial information and behavior, and it's used to calculate your credit score. By keeping track of your credit report and working to improve your credit score, you can increase your chances of getting approved for credit cards, loans, and other financial products.

A good credit score is essential for getting approved for loans and credit cards, and Synovus is no exception. Your credit score is a three-digit number that reflects your creditworthiness, based on your credit report.

The most commonly used credit scores are FICO scores, which range from 300 to 850. To give you an idea of what's considered good credit, Experian breaks down the FICO score ranges as follows:

Your FICO score is calculated based on five major factors, which are the same regardless of the FICO model used. These factors are payment history (35%), amount owed (30%), length of credit history (15%), new credit (10%), and credit mix (10%).

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Payment history is the most important factor in determining your credit score, making up 35% of the total. Missing just one payment can negatively affect your score, while always paying your bills on time will boost your score higher.

To maintain a good credit score, it's essential to keep your credit utilization ratio low. Experts recommend using no more than 30% of your total available credit.

Synovus Financial Corp. ranks relatively high in terms of risk, with a score of 348 out of 1027, placing it in the banks industry group.

This suggests that Synovus Financial Corp. has a lower risk profile compared to other companies in its industry. The management of ESG material risk at Synovus Financial Corp. is considered average, according to our assessment.

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In the world of ranking and management, understanding the industry group's risk level is crucial. Banks are ranked 348 out of 1027 in terms of risk, placing them in a relatively low-risk category.

This ranking can be a valuable tool for investors and businesses looking to partner with banks. It's essential to consider the industry group's risk level when making financial decisions.

The lower the ranking, the lower the risk, making banks a relatively safe bet for those looking to invest or partner with them.

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Management is a crucial aspect of a company's overall performance. A company's management score assesses the robustness of its ESG programs, practices, and policies.

Synovus Financial Corp.'s management of ESG material risk is considered average. This suggests that the company has room for improvement in this area.

A company's management practices can have a significant impact on its long-term success. Effective management can help mitigate risks and capitalize on opportunities.

The management score can provide valuable insights into a company's ability to manage its ESG issues. It can help investors and stakeholders make informed decisions about their investments.

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