Research Update: U.S. Bancorp Downgraded To 'A+/A-1' From 'AA/A-1+'; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: U.S. Bancorp Downgraded To 'A+/A-1' From 'AA/A-1+'; Outlook Stable

Research Update: U.S. Bancorp Downgraded To 'A+/A-1' From 'AA/A-1+'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: U.S. Bancorp Downgraded To 'A+/A-1' From 'AA/A-1+'; Outlook Stable
Published Jun 17, 2009
Published Jun 17, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We do not believe U.S. Bancorp (USB) will be immune to the greater cyclicality that we currently foresee for the industry. We lowered our rating on USB to 'A+/A-1' and removed it from CreditWatch Negative. USB's capital levels support a rating that is currently among the highest in the industry. On June 17, 2009, Standard&Poor's Ratings Services downgraded USB to 'A+/A-1' from 'AA/A-1+'. We also lowered our counterparty credit ratings on related entities to 'AA-/A-1+' from 'AA+/A-1+' and removed them from CreditWatch Negative, where they were placed May 4, 2009. The outlook is stable. The downgrade follows an industry review and publication of our recent criteria on stress testing and U.S. banks. We believe that USB will continue

  
Report Type:

Research Update

Ticker
USB
Issuer
U.S. Bancorp
GICS
Diversified Banks (40101010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: U.S. Bancorp Downgraded To 'A+/A-1' From 'AA/A-1+'; Outlook Stable" Jun 17, 2009. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-U-S-Bancorp-Downgraded-To-A-A-1-From-AA-A-1-Outlook-Stable-728268>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: U.S. Bancorp Downgraded To 'A+/A-1' From 'AA/A-1+'; Outlook Stable Jun 17, 2009. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-U-S-Bancorp-Downgraded-To-A-A-1-From-AA-A-1-Outlook-Stable-728268>
  
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