Weiss Ratings Upgrades 1,818 Banks; Downgrades 432

JUPITER, Florida (September 10, 2012) — Weiss Ratings upgraded the financial strength ratings of 1,818 banks and downgraded 432 based on its analysis of second quarter 2012 results. Weiss, the nation’s leading independent provider of bank, credit union and insurance company ratings, analyzed 7,215 financial institutions.

Weiss Ratings Scale: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak
Plus sign = top of grade range; minus sign = bottom of grade range

Weiss Ratings recommends that consumers do business with banks rated B+ or higher, regardless of government guarantees. This provides consumers with two layers of protection: the financial strength of the institution on its own merits plus FDIC insurance. Currently, 958 banks, or 13.3 percent, are rated B+ or higher, meriting inclusion on the Weiss Recommended List.

For a complete list of Weiss Ratings’ strongest and weakest banks, visit www.weissratings.com/banklists.

 

1 Affiliate of parent JPMorgan Chase Bank, N.A. ($1.8 trillion in assets)

 

About Weiss Ratings

Weiss Ratings is the nation’s leading independent provider of financial strength ratings on U.S. banks, credit unions and insurance companies as well as sovereign debt ratings. Weiss accepts no payment or other compensation for its ratings from rated institutions. WeissRatings.com is a destination site to help consumers and professionals make informed financial decisions. It also distributes independent investment ratings on publicly traded companies, mutual funds, and ETFs.