trending Market Intelligence /marketintelligence/en/news-insights/trending/moIM8e_x3DHAD4G-jMdWSA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

S&P Global Ratings puts First Niagara on watch positive

Blog

Banking Essentials Newsletter - February Edition, Part 2

Blog

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

Podcasts

StreetTalk – 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


S&P Global Ratings puts First Niagara on watch positive

S&PGlobal Ratings on July 13 put Buffalo, N.Y.-based 'sratings on CreditWatch with positive implications.

The ratingagency's move comes after the Federal Reserve the company's by Cleveland-basedKeyCorp.

Among theratings placed on watch were First Niagara's BBB- issuer credit and seniorunsecured debt ratings. S&P Global Ratings has a positive view of thetransaction and expects to resolve the CreditWatch within the upcoming 90 daysor sooner, and it intends to raise First Niagara's ratings to the same level asKeyCorp's upon deal closing. The ratings will then be withdrawn.The rating agency, however, will maintain its rating on unit .

S&P Global Ratingsand S&P Global Market Intelligence are owned by S&P Global Inc.