DBRS sets BB rating to M&T Bank's preferred stock issue.

(ADPnews) - May 13, 2011 - DBRS set yesterday a BB (high) rating with a "negative" trend to the USD 500 million (EUR 350.7m) perpetual, non-cumulative preferred stock issue of US lender M&T Bank Corp (NYSE:MTB).

The debt is rated four notches below M&T's issuer and …