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researcher59

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Re: maxluke1 post# 103902

Wednesday, 03/15/2023 1:47:14 PM

Wednesday, March 15, 2023 1:47:14 PM

Post# of 113959
FRC is risky for sure, but it seems to me that bankruptcy is highly unlikely, especially as soon as this Friday. These new FED emergency measures include borrowing facilities that should allow banks to withstand major withdrawls.

First Republic Bank's credit rating was downgraded this morning by S&P and Fitch. The commentary regarding the downgrade rationale is interesting -

https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/2960193

My exposure to FRC is very small accordingly, <1%.
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