Ratings of Firstar Corp. and U.S. Bancorp. Affirmed Re: Merger - S&P Global Ratings’ Credit Research

Ratings of Firstar Corp. and U.S. Bancorp. Affirmed Re: Merger

Ratings of Firstar Corp. and U.S. Bancorp. Affirmed Re: Merger - S&P Global Ratings’ Credit Research
Ratings of Firstar Corp. and U.S. Bancorp. Affirmed Re: Merger
Published Oct 04, 2000
Published Oct 04, 2000
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's CreditWire) Oct. 4, 2000-- Standard&Poor's today affirmed the ratings on Firstar Corp. and U.S. Bancorp. and their subsidiaries following the announcement of the merger of the two institutions. The banks' long-term counterparty credit rating at both companies is single-'A'-plus, and their subsidiaries are equivalently rated. The outlooks of both companies remain stable. The merger will create a $160 billion financial services company, to be named U.S. Bancorp., headquartered in Minneapolis, that spans the area 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 both counts. First or second deposit market shares are achieved in

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
Region
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Firstar Corp.&U.S. Bancorp Merger Completed – 2001/02/27 – US$ 150.00

Summary: U.S. Bancorp (New) – 2001/05/30 – US$ 225.00

U.S. Bancorp – 2001/11/30 – US$ 500.00

Summary: U.S. Bancorp – 2001/11/30 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings of Firstar Corp. and U.S. Bancorp. Affirmed Re: Merger" Oct 04, 2000. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-of-Firstar-Corp-and-U-S-Bancorp-Affirmed-Re-Merger-167387>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings of Firstar Corp. and U.S. Bancorp. Affirmed Re: Merger Oct 04, 2000. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-of-Firstar-Corp-and-U-S-Bancorp-Affirmed-Re-Merger-167387>
  
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