S&P will not put other US banks on CreditWatch negative after First Republic’s downgrade IV News

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Ratings firm S&P Global Ratings said on Tuesday it will not place other US banks on CreditWatch negative for now as it does not see “significant evidence” of uncontrollable deposit outflows.

First Republic dives as new funding fails to assuage deposit outflow fears

Earlier Tuesday, S&P downgraded First Republic Bank on CreditWatch to negative, reflecting less confidence in the lender’s financial strength.

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