Moody's withdraws FirstBank Puerto Rico's ratings for business reasons
Moody's Investors Service ("Moody's") has withdrawn the Baa2 long term deposit rating of FirstBank Puerto Rico (FirstBank). Prior to the withdrawal, the rating outlook on FirstBank was stable. Withdrawals: ..Issuer: FirstBank Puerto Rico .... Adjusted Baseline Credit Assessment, Withdrawn, pre...First BanCorp is a financial holding company that provides financial services for retail, commercial and institutional clients. The company's segments are: Commercial and Corporate Banking, which provides commercial loans; Mortgage Banking, which provides residential mortgage loans; Consumer (Retail) Banking, which provides consumer lending, deposit-taking and insurance agency activities; Treasury and Investments, which provides treasury and investment management; United States Operations, which consists of banking activities in the United States mainland; Virgin Islands Operations, which consists of banking activities in the United States Virgin Islands and the British Virgin Islands.
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