First Republic Bank downgraded to “junk” by S&P.

Sharing is Caring!

“According to the latest reports, S&P has downgraded First Republic Bank’s rating to “junk.” S&P analysts Nicholas Wetzel and Rian Pressman wrote:

“The bank’s business position will suffer after the volatile swings in its stock price and heightened media attention surrounding deposit volatility. Its business stability has weakened as market perceptions of its creditworthiness have declined.”

See also  For First Time in History, Lindsey Graham is Right. But We Will Never Attack Mexico, Because The Entire Democrat Party is Owned by the Mexican Drug Cartel
See also  The Federal Reserve Announces Its First Big Step Towards a Digital Dollar ( mark of the Beast)

Views: 24

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.