UMB Elects to Discontinue Use of Moody’s Rating Services
August 26 2009 - 6:34PM
Business Wire
UMB Financial Corporation (NASDAQ: UMBF) announced today that
the company has elected to discontinue use of Moody's Investors
Service for rating both UMBFC and UMB Bank, n.a.
The company will continue to utilize the services of two
industry credit rating agencies Fitch Ratings and Standard &
Poor’s to provide independent monitoring and rating of its
financial strength. UMB does not have any public debt outstanding
and considers two ratings sufficient for its business needs.
About
UMB:
UMB Financial Corporation (NASDAQ: UMBF) is a financial services
holding company headquartered in Kansas City, Mo., offering
complete banking, asset management, health spending solutions and
related financial services to both individual and business
customers nationwide. Its banking subsidiaries own and operate 136
banking centers throughout Missouri, Illinois, Colorado, Kansas,
Oklahoma, Nebraska and Arizona. Subsidiaries of the holding company
and the lead bank, UMB Bank, n.a., include mutual fund and
alternative investment services groups, single-purpose companies
that deal with brokerage services and insurance, and a registered
investment advisor that manages the company’s proprietary mutual
funds and investment advisory accounts for institutional customers.
Visit umb.com for more company information.
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