S&P cuts Standard Chartered’s credit rating

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.

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Moody’s downgrades Canadian banks

SEC clips credit rating references

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.