Associated Banc shares are trading lower after S&P lowered its rating on the bank.
Portfolio Pulse from Benzinga Newsdesk
S&P has downgraded its rating on Associated Banc, leading to a decrease in the bank's share prices.
August 22, 2023 | 4:33 pm
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Associated Banc's shares are trading lower after S&P lowered its rating on the bank.
Credit ratings are a significant factor in a company's ability to borrow and attract investors. A downgrade in rating by S&P, a major credit rating agency, indicates a perceived increase in risk associated with the bank's ability to meet its financial commitments. This has led to a decrease in Associated Banc's share prices as investors reassess the risk-reward ratio.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100