#news
S&P Global on Sunday downgraded First Republic’s credit rating deeper into junk territory, saying last week’s deposit infusion may not be enough to overcome the bank’s “substantial business, liquidity, funding, and profitability challenges.
S&P Global on Sunday downgraded First Republic’s credit rating deeper into junk territory, saying last week’s deposit infusion may not be enough to overcome the bank’s “substantial business, liquidity, funding, and profitability challenges.