Firstar Corp.&U.S. Bancorp Merger Completed - S&P Global Ratings’ Credit Research

Firstar Corp.&U.S. Bancorp Merger Completed

Firstar Corp.&U.S. Bancorp Merger Completed - S&P Global Ratings’ Credit Research
Firstar Corp.&U.S. Bancorp Merger Completed
Published Feb 27, 2001
Published Feb 27, 2001
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Abstract:

NEW YORK (Standard&Poor's CreditWire) Feb. 27, 2001—Standard&Poor's maintained the ratings on Firstar Corp. and U.S. Bancorp following the completion today of the merger between the two. The ratings were affirmed on Oct. 4, 2000. The name of the surviving entity is U.S. Bancorp and its counterparty and senior unsecured debt ratings are 'A'. At the same time, the ratings on the former U.S. Bancorp were withdrawn. The outlook is considered stable. Now a $160 billion financial services company headquartered in Minneapolis, Minn., U.S. Bancorp's empire spans the nation from Oregon to Tennessee. The company will operate 2,200 branches in 24 states and will have an ATM network of 7,700, placing it in the top-fifth spot on

  
Report Type:

News

Ticker
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Firstar Corp.&U.S. Bancorp Merger Completed" Feb 27, 2001. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Firstar-Corp-U-S-Bancorp-Merger-Completed-184268>
  
APA:
S&P Global Ratings’ Credit Research. (). Firstar Corp.&U.S. Bancorp Merger Completed Feb 27, 2001. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Firstar-Corp-U-S-Bancorp-Merger-Completed-184268>
  
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