Very first Republic shares are sliding yet again Monday following a credit ranking downgrade

Vital Factors

S&P lower its credit rating rating to B+ from BB+ on Sunday following initially decreasing it to junk status just last 7 days.
The ranking continues to be on CreditWatch Negative, explained S&P.
Initial Republic shares are down sharply this thirty day period as the collapse of Silicon Valley Financial institution caused buyers to rethink other banking institutions with big uninsured deposit bases.

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