Moody's downgrades Signature Bank to junk, places six U.S. banks under review

Summary by Reuters

Ratings agency Moody's on Monday downgraded the debt ratings of collapsed New York-based Signature Bank deep into junk territory and placed the ratings of six other U.S. banks under review for a downgrade.

Published 3 months ago · New York, United States

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Times of India

Moody's downgrades Signature Bank to junk, places six U.S. banks under review

The banks placed under review for downgrade are First Republic Bank, Zions Bancorporation, Western Alliance Bancorp, Comerica Inc, UMB Financial Corp and Intrust Financial Corporation, Moody's said.

3 months ago·Mumbai, India

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News18 India

Moody's Downgrades Signature Bank To Junk, Places 6 US Banks Under Review

Moody's, which rated Signature Bank's subordinate debt 'C', said it was also withdrawing future ratings for the collapsed bank.

3 months ago·India

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Reuters

Moody's downgrades Signature Bank to junk, places six U.S. banks under review

3 months ago·United Kingdom

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CNN

Moody's sees harder times ahead for all US banks and puts six on 'downgrade' watch

Moody's Investors Service cut its outlook for the entire US banking sector and placed six US banks on review for potential credit rating downgrades, in the wake of last week's collapse of Silicon Valley Bank.

3 months ago·Atlanta, United States

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KRDO

Moody's puts six US banks on watch for potential downgrade

By Matt Egan, CNN Moody’s Investors Service placed six US banks on review for potential credit rating downgrades late Monday, in the wake of last week’s collapse of Silicon Valley Bank. The credit ratings firm also downgraded Signature Bank deep into junk territory following that bank’s failure. Ratings downgrades can make it more expensive for companies to borrow money. Moody’s warned it could similarly downgrade First Republic Bank, Zions, Wes…

3 months ago·Colorado Springs, United States

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The Hill

Moody’s weighs downgrade for six US banks following SVB collapse

Moody’s Investors Service is weighing a credit downgrade for six U.S. banks following the second- and third-largest bank failures in the nation’s history. The credit rating firm said Monday that the regional banks are “exposed to the risk of uninsured deposit outflows” in the wake of Silicon Valley Bank collapse, which prompted fears that wealthy…

3 months ago·Washington, United States

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