S&P cuts First Republic deeper into junk, says $30 billion infusion may not solve problems
March 19, 2023 at 22:13 PM EDT
March 19 (Reuters) - First Republic Bank (FRC.N) saw its credit ratings downgraded deeper into junk status by S&P Global, which said the lender's recent $30 billion deposit infusion from 11 big banks may not solve its liquidity problems. S&P cut First Republic's credit rating three notches to … Source
