Moody's downgrades Signature Bank to junk, places six U.S. banks under review
25 Articles
25 Articles
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…
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…
Moody’s Places Six US Banks on Review for Downgrade
Credit ratings agency Moody’s has put six U.S. banks on review for downgrade, including First Republic Bank, which is one of the largest in the country—a decision that follows the collapse of two banks over the weekend. In addition to First Republic, the banks under Moody’s downgrade review include Comerica Inc, UMB Financial Corp., Zions Bancorp., Western Alliance Bancorp., and Intrust Financial Corp. The decision by the agency comes after the …
Coverage Details
Bias Distribution
- 53% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage