Moody's may cut ratings of six US banks over commercial real estate exposure

First Merchants

07/06/2024 01:25

June 6 (Reuters) - Ratings agency Moody's placed ratings
of six U.S regional banks on review for downgrade on Thursday
due to their substantial exposure to commercial real estate
loans. 
    The long term ratings of First Merchants Corp., F.N.B.
Corp., Fulton Financial Corp., Old National Bancorp,
Peapack-Gladstone Financial Corp. and WaFd were placed on review
for downgrade. 

 (Reporting by Akanksha Khushi in Bengaluru; Editing by Alan
Barona)
 ((Akanksha.Khushi@thomsonreuters.com;))