Weiss Ratings Upgrades 438 Bank Ratings; Downgrades 508
Weiss Ratings Upgrades 438 Bank Ratings; Downgrades 508
Ratings upgraded the financial strength ratings of 438 banks and downgraded 508 based on its analysis of third quarter 2018 results. Weiss, the nation’s leading independent provider of bank, credit union and insurance company ratings, analyzed over 5,392 banks.
Notable Upgrades
|
Company |
Domicile State |
New Rating |
Previous Rating |
|
State Street Bank and Trust Company |
MA |
B+ |
B |
|
Comerica Bank |
TX |
A- |
B+ |
|
South State Bank |
SC |
A- |
B+ |
|
Deutsche Bank Trust Company |
NY |
B+ |
B |
|
BMO Harris Bank |
IL |
B- |
C+ |
Notable Downgrades
|
Company |
Domicile State |
New Rating |
Previous Rating |
|
First Republic Bank |
CA |
B |
B+ |
|
First American Bank |
IL |
B- |
B |
|
First Choice Bank |
CA |
B+ |
A- |
|
Congressional Bank |
MD |
C |
C+ |
|
State Bank of Texas |
TX |
B+ |
A- |
Weiss Ratings Scale: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak
Plus sign = top of grade range; minus sign = bottom of grade range
Weiss Ratings recommends that consumers do business with institutions rated B+ or better. Currently, 1,525 banks, or 28.3 percent, are rated B+ or better, meriting inclusion on the Weiss Recommended List.
