Fitch Affirms City National's IDR at 'A-'; Outlook Negative
Business Wire (Free subscription) | 09/25/2009
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) and short-term IDR of City National Corporation (CYN) and its bank subsidiary, City National Bank, at 'A-' and 'F1', respectively. Concurrent with this action, Fitch has downgraded CYN's Individual Rating to 'B/C' from 'B'. CYN's ratings have been removed from Rating Watch Negative, where they were placed...
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