Keybank Downgraded - Shares of several u. s. Banks fell on tuesday, the day after ratings agency s&p global followed moody's in cutting its credit ratings on some regional lenders with high. Keybank is in the process of migrating accounts affected by fitch’s downgrade to a large diversified financial services holding company that offers retail and wholesale banking. Truist financial (tfc 0. 80%) and regional lender keycorp (key 1. 79%) were down by more than 3% and large regional bank u. s. Bancorp (usb 2. 13%) was lower by about 2%. The ratings agency said in a research note that the current “tough” lending environment caused it to downgrade the five banks, which include keycorp, comerica inc. ,. Keybank should be downgraded by banking regulators for flagrant violations of commitments it made in order to win approval for a 2025 merger, 81 community groups wrote.
Shares of several u. s. Banks fell on tuesday, the day after ratings agency s&p global followed moody's in cutting its credit ratings on some regional lenders with high. Keybank is in the process of migrating accounts affected by fitch’s downgrade to a large diversified financial services holding company that offers retail and wholesale banking. Truist financial (tfc 0. 80%) and regional lender keycorp (key 1. 79%) were down by more than 3% and large regional bank u. s. Bancorp (usb 2. 13%) was lower by about 2%.