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5 years ago
BRIEF-Moody's reviews FirstMerit's and Citizens Republic's ratings following acquisition announcement
September 13, 2012 / 10:47 PM / 5 years ago

BRIEF-Moody's reviews FirstMerit's and Citizens Republic's ratings following acquisition announcement

Sept 14 (Reuters) - Moody's Investors Service placed the ratings of FirstMerit Bank (FirstMerit) on review for downgrade. FirstMerit has a standalone bank financial strength rating (BFSR)/baseline credit assessment (BCA) of B-/a1 and deposit ratings of A1/Prime-1. FirstMerit's holding company, FirstMerit Corporation, is unrated.

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