trending Market Intelligence /marketintelligence/en/news-insights/trending/E5Kk7MXQaDYxrnE3gLL7KA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Moody's affirms First-Citizens Bank & Trust's Baa1 issuer rating

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Moody's affirms First-Citizens Bank & Trust's Baa1 issuer rating

Moody's on Oct. 17 affirmed First-Citizens Bank & Trust Co.'s issuer rating of Baa1 and its short- and long-term deposit ratings at P-1 and A1, respectively.

The outlook is stable.

The rating agency said the action reflects the Raleigh, N.C.-based bank's "consistently strong asset quality," as well as its "improving" but still below-peer profitability, the inherent risks of its acquisitiveness and the heightened expense of having a footprint spanning non-contiguous markets.

First-Citizens is a subsidiary of First Citizens BancShares Inc.