S&P Lowers KeyBank’s Credit Rating on ‘Constrained Profitability’
KeyBank’s credit rating was downgraded by Standard & Poors, from BBB+ to BBB, citing “constrained profitability” amid higher interest rates.
Citing CRE Risk, Moody’s Downgrades M&T, Webster Bank Credit
by Nika Cataldo | Aug 9, 2023
Funding pressures, regulatory capital weaknesses and higher risks in the commercial real estate loan portfolios dragged Moody’s credit ratings of two sizeable banks operating in the Massachusetts market.
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