E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers P > Headlines for People's United Financial, Inc. > News item
Published on 7/16/2019 in the Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

S&P cuts People’s United view

S&P said it downgraded its outlook for People’s United Financial Inc. to negative from stable. The downgrade came after People’s United said it plans to buy United Financial Bancorp.

The agency said this acquisition may increase People’s United’s risk profile, and there is a possibility of incremental increased asset risk from the acquisition.

S&P affirmed People’s BBB+ issuer rating and its People’s United Bank credit ratings of A-/A-2.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.