curate-content-news

Ratings agency Standard & Poor’s has cut its credit rating on Standard Chartered for the first time in 20 years, reports Reuters.

The bank’s rating has dropped from A+ to A, which “could make it more expensive for the bank to borrow money” going forward. Read more.

Also check out:

Moody’s downgrades Canadian banks

SEC clips credit rating references

Originally published on Advisor.ca

Add a comment

You must be logged in to comment.

Register on Advisor.ca