Printer Friendly

Printed from http://www.researchandmarkets.com/reports/2087673

Research Update: TCF Ratings Affirmed After Debt Prepayment Mar 12

Description:
Abstract
We expect TCF's prepayment of $3.6 billion in long-term debt and its plan to further grow its niche lending businesses to result in improved profitability, but lower capital levels. We are affirming our long-term issuer credit ratings on TCF Financial and subsidiary TCF National Bank at 'BBB' and 'BBB+', respectively. We believe the increase in niche lending could also increase credit and operational risk. We are reiterating our negative outlook on TCF, reflecting continued tenuous credit quality and increased operational risk. On March 15, 2012, Standard & Poor's Ratings Services affirmed its 'BBB' long-term issuer credit rating (ICR) on TCF Financial Corp. (TCF) and its 'BBB+' long-term ICR on the company's operating subsidiary, TCF National Bank. The outlook on both...

Companies mentioned in this report are: TCF Financial Corp.,TCF National Bank,TCF Capital I
Action: Affirmed


Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

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.
 
Companies Mentioned
TCF Financial Corp.,TCF National Bank,TCF Capital I
 
Ordering:
Order Online - visit http://www.researchandmarkets.com/reports/2087673

Order by Fax - using the order form below

Order By Post - print the order form below and send to

Research and Markets,
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.

 
Page 1 of 2
Printed Apr 18th 2014
9:02:31 AM

Fax order form

To place a fax order simply print this form, fill in and fax the completed form to the number below. If you have any questions please email help@researchandmarkets.net

Order information

Please verify that the product information is correct and select the format you require.

Product name

Research Update: TCF Ratings Affirmed After Debt Prepayment Mar 12

Web Address

http://www.researchandmarkets.com/reports/2087673

Office Code

OC8DINPPQSWTXT

 

Report Formats

Please enter the quantity of the report format you require.

Format Quantity Price
Electronic EUR 129

Contact information

Please enter all the information below in block capitals.

Title:
Mr Mrs Dr Miss Ms Prof
First Name:
Last Name:
Email Address:
Job Title:
Organisation:
Address:
City:
Postal / Zip Code:
Country:
Phone Number:
Fax Number:

Please fax this form to:
(646) 607-1907 or (646) 964-6609 (from USA)
+353-1-481-1716 or +353-1-653-1571 (from Rest of World)

Page 2 of 2
Printed Apr 18th 2014
9:02:31 AM

Payment information

Please indicate the payment method you would like to use by selecting the appropriate box.

Pay by Credit Card:

American Express

Diners Club

Master Card

Visa

Cardholder's Name:
Cardholder's Signature:
Expiry Date:
/
Card Number:
CVV Security Code:
Issue date:
/ (Diners Club only)
 
Pay by Check:

Please post the check, accompanied by this form, to:

Research and Markets,
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.

 
Pay by Wire Transfer:

Please transfer funds to:

Account Number:
83313083
Sort Code:
98-53-30
Swift Code:
ULSBIE2D
IBAN Number:
IE78ULSB98533083313083
Bank Address:
Ulster Bank,
27-35 Main Street
Blackrock,
Co. Dublin
Ireland.
 

If you have a Marketing Code please enter it below:

Marketing Code:

Please note that by ordering from Research and Markets you are agreeing to our Terms and Conditions at http://www.researchandmarkets.com/info/terms.asp

Please fax this form to:
(646) 607-1907 or (646) 964-6609 (from USA)
+353-1-481-1716 or +353-1-653-1571 (from Rest of World)