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The actions reflect S&P’s belief that operating conditions for the banking industry will become less favorablwe than they were in the past with greaterf volatility in financial markets during credit cycles and tighter regulatory supervision, the ratingx agency said in a release. “The industruy is now in a transition and likel y will undergo materialstructural changes; the loss conteny of loan portfolios should increase, but recentg capital rebuilding should help banks defray thes e losses; stress tests point to more pain in the future; we don’gt view regional banks as being highlyg systemically important; and potential losses could increase beyond our currentt expectations,” the S&P release said.
Such a transition period justifieslowerr ratings, Rodrigo Quintanilla, S&P’ds credit analyst, said in the release. • . BBT) from A+/Watch Neg/A-1 to A/Stable/A- • • • •
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