trending Market Intelligence /marketintelligence/en/news-insights/trending/Zut4_Smhad4fRsLJiH9uIA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Fitch withdraws certain N M Rothschild & Sons ratings

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Fitch withdraws certain N M Rothschild & Sons ratings

Fitch Ratings on Sept. 26 affirmed 's 'sviability rating at "bbb+", its support rating at 5 and its support ratingfloor at No Floor, while withdrawing them subsequently.

At the same time, the agency affirmed the lender's long- andshort-term issuer default ratings at BBB+ and F2, respectively. The outlook ispositive.

The ratings were withdrawn due to a reorganization of therated entity, notably the return of N M Rothschild & Sons' banking license,Fitch said. The positive outlook reflects the progress made in winding downlegacy assets, which Fitch believes will result in diminishing tail risk fromlegacy asset-related credit events and improving capitalization and leveragemetrics.