trending Market Intelligence /marketintelligence/en/news-insights/trending/srid7wrwlszabdjvnv4pla2 content esgSubNav
In This List

Moody's affirms First Republic Bank ratings

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Moody's affirms First Republic Bank ratings

Moody's on Feb. 16 affirmed San Francisco-based First Republic Bank's long-term issuer rating and senior unsecured debt rating of Baa1.

It also affirmed the bank's long-term deposit rating of A1, short-term deposit rating of P-1 and subordinated debt rating of Baa1.

The rating agency affirmed First Republic Bank's noncumulative preferred stock rating of Baa3(hyb).

The bank's baseline credit assessment is affirmed at a3 and long-term counterparty risk assessments affirmed at A2(cr), by the rating agency.

The outlook for all the ratings is stable.

Moody's said the affirmations reflect the bank's sustainability of a "niche business model focused on banking affluent households in addition to commercial businesses in select coastal urban markets."