Moody's Investors Service ("Moody's") has affirmed the ratings of People's United Financial Inc. and its bank subsidiary, People's United Bank, N.A. (together referred to as People's). People's United Bank, N.A. is rated A2/Prime-1 for long- and short-term deposits. Its standalone baseline credit assessment (BCA) is baa1, its counterparty risk assessments are A3(cr)/Prime-2(cr), and its local and foreign currency counterparty risk ratings are Baa1/Prime-2.