NCF Grantor 2005-3, National Collegiate Student Loan 2006-2 Related Custody Receipt Ratings Put On CreditWatch Negative Jul 13
- Language: English
- Published: July 2013
Standard & Poor's Ratings Services' ratings on Northern Trust Corp. reflect the company's leading market positions in trust, custody, and investment-management services for institutions and private clients. The ratings also consider the company's conservatively managed and somewhat lower-risk business model, which generates diversified fee-income streams. Other key ratings factors are the company's track record with solid financial performance in earnings, capital management, and liquidity. With $4.4 trillion in assets under custody (AUC) as of March 31, 2011, Northern Trust is significantly smaller than the largest U.S. trust banks but still has a very good market position as the sixth-largest corporate and institutional custody bank in the world. It also has one of the largest personal trust operations in the country....
Companies mentioned in this report are: Northern Trust Corp.
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Northern Trust Corp.