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U.S. Bancorp's $990 Million Noncumulative Perpetual Preferred Stock Rated 'A'

Published Mar 23, 2006

314 words — Published Mar 23, 2006

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Abstract:

NEW YORK (Standard&Poor's) March 23, 2006--Standard&Poor's Ratings Services today assigned its 'A' rating to U.S. Bancorp's $990 million of noncumulative perpetual preferred stock series B. "Standard&Poor's assigned the noncumulative perpetual stock as a Category 2 Strong capital value in our capital classification and analysis of these securities," said Standard&Poor's credit analyst Victoria Wagner. "The preferred stock will be included in Standard&Poor's Adjusted Total Equity (ATE) calculation up to 25% of ATE."

Brief Excerpt:

RESEARCH U.S. Bancorp's $990 Million Noncumulative Perpetual Preferred Stock Rated 'A' Publication date: 23-Mar-2006 NEW YORK (Standard & Poor's) March 23, 2006--Standard & Poor's Ratings Services today assigned its 'A' rating to U.S....

Report Type:

Ratings Action

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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MLA:	S&P Global Ratings’ Credit Research. "U.S. Bancorp's $990 Million Noncumulative Perpetual Preferred Stock Rated 'A'" Mar 23, 2006. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/U-S-Bancorp-s-990-Million-Noncumulative-Perpetual-Preferred-Stock-Rated-A-499528>

APA:	S&P Global Ratings’ Credit Research. (). U.S. Bancorp's $990 Million Noncumulative Perpetual Preferred Stock Rated 'A' Mar 23, 2006. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/U-S-Bancorp-s-990-Million-Noncumulative-Perpetual-Preferred-Stock-Rated-A-499528>

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