Moody’s assigns Signature Bank Baa2

Moody's Investors Service said it assigned first-time ratings to Signature Bank, including a long-term issuer rating of Baa2, and a standalone baseline credit assessment of baa1. The rating outlook is stable.

“Signature Bank’s baa1 BCA reflects its strong balance sheet characterized by good asset quality, high capitalization, and solid core deposit funding, along with a history of consistent good profitability underpinned by better than peer average operational efficiency and low credit costs,” Moody’s 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.