Moody’s assigns Western Alliance notes Baa2

Moody’s Investors Service said it assigned a Baa2 rating to Western Alliance Bank’s subordinate debt issuance.

“The assigned Baa2 subordinated debt rating is based on Western Alliance Bank’s baa1 stand-alone baseline credit assessment (BCA) and follows Moody’s notching practices for U.S. regional banks resulting from the application of its advanced loss-given-failure analysis,” the agency said in a press release.

© 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.