S&P lowers First Citizens, Republic banks outlook to negative - Trinidad and Tobago Newsday

S&P lowers First Citizens, Republic banks outlook to negative - Trinidad and Tobago Newsday

STANDARD & Poor's (S&P) has revised the outlook on two majority state-owned banks – First Citizens and Republic Bank – from stable to negative. The revision was shared on S&P’s website on September 26, less than a month after it gave First Citizens a rating of "BBB" or "stable," in a ratings report on September 8. It also followed S&P's revised outlook for TT on September 25. In a media release, the ratings agency restated that its long-term iss…