Moody's cuts ratings on 10 US banks
08/08/2023 02:54
Aug 7 (Reuters) - Ratings agency Moody's on Monday
downgraded the credit ratings of 10 U.S. banks by one notch. It
also placed the ratings of six institutions, including some of
the nation's largest, on review for potential downgrades.
The downgraded banks include Pinnacle Financial Partners
PNFP.O , Prosperity Bank, BOK Financial Corp BOKF.O and M&T
Bank Corp MTB.N . Associated Banc-Corp ASB.N was earlier
downgraded in April.
(Reporting by Juby Babu in Bengaluru; Editing by Muralikumar
Anantharaman)
((Juby.Babu@thomsonreuters.com;))