S&P downgrades five US banks following Moody’s lead

S&P Downgrades Seven US Banks

The agency cited a “sharp rise in interest rates by the US Federal Reserve” as the possible cause for a surge in funding deposit costs.

S&P downgrades multiple U.S. banks on growing liquidity worries

S&P Global followed Moody’s in cutting its credit ratings and outlook on multiple U.S. regional banks, saying higher funding costs and troubles in the commercial real estate sector will likely test the credit strength of lenders.

S&P downgrades multiple US banks citing 'tough' operating conditions

S&P Global on Monday cut credit ratings and revised its outlook for multiple U.S. banks, following a similar move by Moody’s, warning that funding risks and weaker profitability will likely test the sector’s credit strength. S&P downgraded the ratings of Associated Banc-Corp and Valley National Bancorp on funding risks and a higher reliance on brokered The post S&P downgrades multiple US banks citing ‘tough’ operating conditions appeared first …

S&P downgrades multiple US banks citing 'tough' lending environment

S&P Global cut the credit ratings of five regional U.S. banks and lowered its outlook for several other lenders, citing concerns over the "tough" lending environment.  The agency said late Monday that it lowered the grades one notch for KeyCorp, Comerica Bank, Valley National Bancorp, UMB Financial Corp. and Associated Banc-Corp amid growing risks from weaker funding, large deposit outflows and rising interest rates. The rating agency also downg…

After Moody’s, S&P downgraded multiple US banks

ALBAWABA – Citing “tough” operating conditions in the United States (US) banking system, global credit rating company S&P downgraded multiple US banks on Monday, following a similar move by Moody’s earlier this month...

S&P downgrades multiple US banks on growing liquidity worries

S&P Global followed Moody's in cutting its credit ratings and outlook on multiple U.S. regional banks on Monday, saying higher funding costs and troubles in the commercial real estate sector will likely test the credit strength of lenders.