First Republic likely to weather second S&P downgrade within a week: Report

By Ryan King

Published March 19, 2023 8:24pm ET

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First Republic likely to weather second S&P downgrade within a week: Report — First Republic Bank is reportedly poised to face another downgrade by S&P Global Inc even after a group of 11 banks scrambled to stabilize it. Its long-term issuer credit rating is expected to dip from B+ to BB+, sources told Bloomberg. The move comes after First Republic Bank’s rating was bumped down from A- last […]

First Republic Bank is reportedly poised to face another downgrade by S&P Global Inc even after a group of 11 banks scrambled to stabilize it.

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