S&P downgrades RBC Bank USA on revised strategic importance
Standard & Poor's yesterday downgraded RBC Bank (USA) from A- to BBB, with a negative outlook. The downgrade had been driven by S&P's belief that RBC Bank's Parent, Royal Bank of Canada, has changed its long-term strategic plans for the company.
CLOs
- Middle market portfolios aren't immune to rate stress, according to new research 2 days ago
- Sona prices CLO number two 2 days ago
- Another 2016 vintage CLO gets reset as Octagon stays busy 2 days ago
- Neuberger Berman resets 2016 vintage for second time 2 days ago
- Beach Point brings in tight price for third US CLO 2 days ago
