Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Wilmington Trust Corp. > News item |
Moody's lowers Wilmington
Moody's Investors Service said it downgraded Wilmington Trust Corp.'s long-term issuer rating to Baa1 from A2.
The outlook is negative. This concludes the review for downgrade that began on Dec. 8.
The downgrade reflects Wilmington's high commercial real estate concentration and view that profitability will continue to be challenged by higher credit costs and revenue pressures, according to the agency.
© 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.