The Business Times

S&P slashes First Republic Bank’s ratings to ‘CC’

    • S&P cut First Republic Bank's credit rating to ‘CC’ and said it expects default to be a “virtual certainty.”
    • S&P cut First Republic Bank's credit rating to ‘CC’ and said it expects default to be a “virtual certainty.” PHOTO: AFP
    Published Wed, May 3, 2023 · 10:54 AM

      S&P Global on Tuesday slashed First Republic Bank’s credit rating deeper into junk territory after the US lender was closed by California banking regulators.

    S&P cut its rating to ‘CC’ and said it expects default to be a “virtual certainty.” REUTERS

    First Republic Bank

    Share with us your feedback on BT's products and services

    Feedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More