<< Read Full Article

Moody's Cuts Susquehanna Bancshares Ratings

Stock quotes in this article: SUSQ  

NEW YORK (AP) — Moody's Investors Service on Tuesday downgraded the debt ratings of Susquehanna Bancshares Inc. to junk status due to expectations for higher credit costs in the coming quarters.

The ratings service lowered the ratings on the bank's subordinated debt two notches to "Ba1" from "Baa2." A rating of "Ba1" is one notch below investment grade.

The rating on the bank's long-term bank deposits went to "Baa2" from "A3," and its bank financial strength rating went to "C-" from "C." The outlook on the ratings is negative. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,441.12 1,109.18 2,206.91 35.96
Oil *
73.55
DOWN
10.88
UP
1.25
UP
5.86
DOWN
0.07
10 Yr
3.60%
SPDR Gold
111.59
-0.10%
+0.11%
+0.27%
-0.19%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services