First Republic Bank's debt cut to junk by Moody'smarketwatch.com/story/first-republic-bank-gets-downgrade-to-junk-from-moodys-6d95c54f
Moody’s Investors Service downgraded its credit rating on First Republic Bank to junk late Friday, citing a “deterioration in the bank’s financial profile.”
First Republic’s FRC, debt rating was cut to B2 from Baa1, Moody’s said. Fitch Ratings and S&P Global Ratings downgraded First Republic Bank’s debt earlier this week.
The downgrade reflects “the deterioration in the…
This story appeared on marketwatch.com, 2023-03-18.