Research Update: E.SUN Financial Holding Co. Ltd. Group Outlook Revised To Stable From Positive On Revised Criteria; Ratings Affirmed Dec 11
- Language: English
- Published: December 2011
Following a review of S&T Bancorp (S&T) under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have lowered our rating on S&T to 'BBB' from 'BBB+'. The outlook is stable. The anchor for S&T is 'bbb+'. Our ratings reflect S&T's moderate business position, adequate capital and earnings, adequate risk position, average funding, and adequate liquidity scores. We expect slight growth in assets from small acquisitions, generally improving asset-quality metrics, and stable capital levels during the next few years. As we previously announced, on Dec. 13, 2011, Standard & Poor's Ratings Services lowered its long-term issuer credit rating (ICR) on S&T Bank to 'BBB' from 'BBB+'. The outlook is stable. We base our ratings on S&T on...
Companies mentioned in this report are: S&T Bank
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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