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Research Update: U.S. Bancorp Rating Raised To 'AA/A-1+', Removed From CreditWatch; Outlook Stable

Published Feb 14, 2007

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About This Report

Abstract:

On Feb. 14, 2007, Standard&Poor's Ratings Services raised its ratings on U.S. Bancorp (USB), including its counterparty credit ratings to 'AA/A-1+' from 'AA-/A-1+'. Standard&Poor's also raised its long-term counterparty credit ratings on USB's subsidiaries, U.S. Bank National Association and U.S. Bank National Association, ND, to 'AA+' from 'AA'. These ratings were removed from CreditWatch Positive, where they had been placed on Nov. 1, 2006. The CP ratings on these entities, which had not been on CreditWatch, were affirmed at 'A-1+'. The outlook is stable. The upgrade reflects USB's continuing generation of well-above-average profitability among its peer group of large regional and large complex banks, even while it has maintained a relatively low-risk business mix and growth

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

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: U.S. Bancorp Rating Raised To 'AA/A-1+', Removed From CreditWatch; Outlook Stable" Feb 14, 2007. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-U-S-Bancorp-Rating-Raised-To-AA-A-1-Removed-From-CreditWatch-Outlook-Stable-562038>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: U.S. Bancorp Rating Raised To 'AA/A-1+', Removed From CreditWatch; Outlook Stable Feb 14, 2007. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-U-S-Bancorp-Rating-Raised-To-AA-A-1-Removed-From-CreditWatch-Outlook-Stable-562038>

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