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S&P lifts outlook on First Republic Bank

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S&P lifts outlook on First Republic Bank

Standard & Poor's Ratings Services on March 30 revisedits outlook on San Francisco-based FirstRepublic Bank to stable from negative, and affirmed the bank'slong-term issuer credit rating at A-.

The outlook revision, according to S&P credit analystRian Pressman, reflects First Republic Bank's "progress in addingincremental on-balance-sheet liquidity, slowing loan growth, and enhancing itsrisk management and compliance infrastructure over the past two years."

The rating agency also noted that the stable outlookreflects the bank's "consistently well-executed strategy, stable operatingresults, pristine asset quality, and strong risk-adjusted capitalization."

S&P does not expect to raise its rating on FirstRepublic Bank over the next two years.

S&P Ratings andGlobal Market Intelligence are owned by McGraw Hill Financial Inc.