{"id":10152,"date":"2023-08-08T14:14:53","date_gmt":"2023-08-08T14:14:53","guid":{"rendered":"https:\/\/isafespend.com\/investing\/factbox-major-us-banks-downgraded-by-moodys-on-worsening-outlook\/"},"modified":"2023-08-08T14:14:54","modified_gmt":"2023-08-08T14:14:54","slug":"factbox-major-us-banks-downgraded-by-moodys-on-worsening-outlook","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=10152","title":{"rendered":"Factbox-Major US banks downgraded by Moody’s on worsening outlook"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: A Moody’s sign on the 7 World Trade Center tower is photographed in New York August 2, 2011. REUTERS\/Mike Segar\/File Photo<\/span>
\n<\/i>\n<\/div>\n

(Reuters) – Ratings agency Moody’s (NYSE:) on Monday downgraded several mid-sized U.S. banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits. <\/p>\n

Moody’s also said it may downgrade some of the largest U.S. lenders, in a blow to the industry that regained stability after several bank failures earlier this year. <\/p>\n

Here’s the list of banks and action taken by Moody’s:<\/p>\n

Bank name Rating Action Outlook Rationale <\/p>\n

Pinnacle Downgraded to Changed to Shows several <\/p>\n

Financial BAA2 from negative from sources of <\/p>\n

Partners BAA1 stable strain on the <\/p>\n

banking sector <\/p>\n

from funding <\/p>\n

pressures, <\/p>\n

regulatory <\/p>\n

capital <\/p>\n

weaknesses and <\/p>\n

rising risks <\/p>\n

from CRE <\/p>\n

exposures <\/p>\n

Fulton Downgraded to Negative Shows several <\/p>\n

BAA2 from sources of <\/p>\n

BAA1 strain on the <\/p>\n

banking sector <\/p>\n

from funding <\/p>\n

pressures, <\/p>\n

regulatory <\/p>\n

capital <\/p>\n

weaknesses and <\/p>\n

rising risks <\/p>\n

from CRE <\/p>\n

exposures <\/p>\n

Prosperity Downgraded Stable Shows several <\/p>\n

Bank long-term sources of <\/p>\n

deposits to strain on the <\/p>\n

A1 from AA3 banking sector <\/p>\n

from funding <\/p>\n

pressures, <\/p>\n

regulatory <\/p>\n

capital <\/p>\n

weaknesses and <\/p>\n

rising risks <\/p>\n

from CRE <\/p>\n

exposures <\/p>\n

BOK Downgraded to Stable Shows several <\/p>\n

Financial BAA1 from A3 sources of <\/p>\n

Corp strain on the <\/p>\n

banking sector <\/p>\n

from funding <\/p>\n

pressures, <\/p>\n

regulatory <\/p>\n

capital <\/p>\n

weaknesses and <\/p>\n

rising risks <\/p>\n

from CRE <\/p>\n

exposures <\/p>\n

Webster Downgraded to Stable Shows several <\/p>\n

BAA2 from sources of <\/p>\n

BAA1 strain on the <\/p>\n

banking sector <\/p>\n

from funding <\/p>\n

pressures, <\/p>\n

regulatory <\/p>\n

capital <\/p>\n

weaknesses and <\/p>\n

rising risks <\/p>\n

from CRE <\/p>\n

exposures <\/p>\n

Associated Downgraded to Stable Shows several <\/p>\n

Banc-Corp BAA2 from sources of <\/p>\n

BAA1 strain on the <\/p>\n

banking sector <\/p>\n

from funding <\/p>\n

pressures, <\/p>\n

regulatory <\/p>\n

capital <\/p>\n

weaknesses and <\/p>\n

rising risks <\/p>\n

from CRE <\/p>\n

exposures <\/p>\n

Old Downgraded Negative Shows lower <\/p>\n

National Senior level of <\/p>\n

Bancorp Unsecured to capitalization <\/p>\n

A1 from AA3 , elevated <\/p>\n

exposure to <\/p>\n

CRE loans and <\/p>\n

weaker <\/p>\n

liquidity <\/p>\n

buffer <\/p>\n

compared to <\/p>\n

higher-rated <\/p>\n

peers <\/p>\n

Citizens Affirmed Changed to Shows several <\/p>\n

Financial senior negative from sources of <\/p>\n

Corp unsecured at stable strain on the <\/p>\n

BAA1 banking sector <\/p>\n

from funding <\/p>\n

pressures, <\/p>\n

regulatory <\/p>\n

capital <\/p>\n

weaknesses and <\/p>\n

rising risks <\/p>\n

from CRE <\/p>\n

exposures <\/p>\n

M&T Bank (NYSE:) Downgraded Stable Shows several <\/p>\n

Corp senior sources of <\/p>\n

unsecured to strain on the <\/p>\n

BAA1 banking sector <\/p>\n

from funding <\/p>\n

pressures, <\/p>\n

regulatory <\/p>\n

capital <\/p>\n

weaknesses and <\/p>\n

rising risks <\/p>\n

from CRE <\/p>\n

exposures <\/p>\n

Commerce Downgraded Stable Shows several <\/p>\n

Bank long-term sources of <\/p>\n

issuer to A3 strain on the <\/p>\n

from A2 banking sector <\/p>\n

from funding <\/p>\n

pressures, <\/p>\n

regulatory <\/p>\n

capital <\/p>\n

weaknesses and <\/p>\n

rising risks <\/p>\n

from CRE <\/p>\n

exposures <\/p>\n

Regions Affirm senior Changed to Shows several <\/p>\n

Financial unsecured at negative from sources of <\/p>\n

Corp BAA1 stable strain on the <\/p>\n

banking sector <\/p>\n

from funding <\/p>\n

pressures, <\/p>\n

regulatory <\/p>\n

capital <\/p>\n

weaknesses and <\/p>\n

rising risks <\/p>\n

from CRE <\/p>\n

exposures <\/p>\n

Simmons Affirmed at Negative Shows several <\/p>\n

First BAA2 sources of <\/p>\n

National strain on the <\/p>\n

banking sector <\/p>\n

from funding <\/p>\n

pressures, <\/p>\n

regulatory <\/p>\n

capital <\/p>\n

weaknesses and <\/p>\n

rising risks <\/p>\n

from CRE <\/p>\n

exposures <\/p>\n

Ally Affirmed LT Negative Rating action <\/p>\n

Financial bank deposits reflects the <\/p>\n

at A3 bank’s strong <\/p>\n

liquidity and <\/p>\n

funding <\/p>\n

profile, its <\/p>\n

conservative <\/p>\n

credit culture <\/p>\n

and track <\/p>\n

record of good <\/p>\n

asset quality <\/p>\n

Below are the U.S. banking giants that Moody’s have put under review for potential downgrades.<\/p>\n

Bank Name Rating Action Outlook Rationale <\/p>\n

Bank of Review for Reflects <\/p>\n

New York downgrading ongoing strain <\/p>\n

Mellon the long-term in the US <\/p>\n

issuer banking sector, <\/p>\n

ratings, debt including more <\/p>\n

ratings, funding <\/p>\n

counterparty pressures and <\/p>\n

risk ratings potential <\/p>\n

regulatory <\/p>\n

capital <\/p>\n

weaknesses <\/p>\n

US Bancorp (NYSE:) Review for Reflects its <\/p>\n

downgrade of low, though <\/p>\n

all long-term improving, <\/p>\n

and select level of <\/p>\n

short-term capitalization, <\/p>\n

ratings rising deposit <\/p>\n

costs and <\/p>\n

increased use <\/p>\n

of wholesale <\/p>\n

funding and its <\/p>\n

sizable holding <\/p>\n

of fixed-rate <\/p>\n

assets <\/p>\n

Truist Review for Changed to Reflects its <\/p>\n

Financial downgrade of ratings under low, though <\/p>\n

long-term review from improving, <\/p>\n

ratings stable level of <\/p>\n

capitalization <\/p>\n

along with <\/p>\n

weaknesses in <\/p>\n

the <\/p>\n

asset-liability <\/p>\n

management <\/p>\n

State Review for Changed to Reflects the <\/p>\n

Street downgrade of ratings under strain in the <\/p>\n

Corp long-term review from US banking <\/p>\n

ratings stable sector, <\/p>\n

including more <\/p>\n

funding <\/p>\n

pressures and <\/p>\n

potential <\/p>\n

regulatory <\/p>\n

capital <\/p>\n

weaknesses <\/p>\n

Northern Long-term Reflects the <\/p>\n

Trust Corp ratings under strain in the <\/p>\n

review for US banking <\/p>\n

downgrade sector, <\/p>\n

including <\/p>\n

funding <\/p>\n

pressures and <\/p>\n

potential <\/p>\n

regulatory <\/p>\n

capital <\/p>\n

weaknesses <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: A Moody’s sign on the 7 World Trade Center tower is photographed in New York August 2, 2011. REUTERS\/Mike Segar\/File Photo (Reuters) – Ratings agency Moody’s (NYSE:) on Monday downgraded several mid-sized U.S. banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits.<\/p>\n","protected":false},"author":1,"featured_media":9499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-10152","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"\nFactbox-Major US banks downgraded by Moody's on worsening outlook | iSafeSpend<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. FILE PHOTO: A Moody's sign on the 7 World Trade Center tower is photographed in New York August 2, 2011. 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