Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Western Alliance Bancorporation > News item |
Moody's drops Western Alliance to junk
Moody's Investors Service said it downgraded Western Alliance Bancorp.'s issuer rating to Ba3 from Baa3 and its short-term ratings to Not Prime from Prime-2.
The outlook is negative. This concludes the review for downgrade initiated on March 12.
The downgrade reflects the agency's view that Western Alliance's capital position, particularly its tangible common equity, could come under pressure in the short-term because of its large real estate lending concentration, according to the agency.
© 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.