Moody's cuts ratings on 10 US banks

Pinnacle Financial Partners

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;))