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.
KeyBank’s credit rating was downgraded by Standard & Poors, from BBB+ to BBB, citing “constrained profitability” amid higher interest rates.
An S&P survey says bank executives are getting less optimistic as they expect to pay more to continue keeping deposits and to rely more on deposit rate specials.
Consumer finance website WalletHub has released its eight financial predictions for 2018 and it contains a mixed bag for consumers. The site provided a taste of what the personal finance website saw in its crystal ball.