Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Fifth Third Bancorp > News item |
Moody's puts some U.S. bank preferreds on review
Moody's Investors Service said it placed on review for possible downgrade the ratings on hybrid securities of four U.S. bank holding companies, including Citigroup Inc.'s Baa3 trust preferred securities and Ba1 Eggs Upper Tier II notes, Fifth Third Bancorp's Baa3 preferred stock and Baa2 trust preferreds, KeyCorp's Baa3 preferreds and Baa2 trust preferreds, SunTrust Banks, Inc.'s Ba2 preferreds and Baa2 trust preferreds and SunTrust Real Estate Investment Corp.'s Baa3 REIT preferred stock.
Moody's added that its ratings on Regions Financial Corp. are currently on review for possible downgrade, and the Baa1 rating on Region's trust preferreds will be reviewed in conjunction with the four other issuers' hybrid securities.
The agency said the reviews reflect its opinion that the probability of a missed dividend or interest payment on these securities has increased because these companies must raise capital in response to the outcome of the U.S. government's stress test.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.