NEW YORK -- Standard & Poor's Corp. reduced several ratings of H.F. Ahmanson & Co. last week, affecting about $425 million in debt of the nation's largest thrift holding company.

S&P cut the subordinated debt rating to BBB from BBB-plus, preferred stock to BBB-minus from BBB, and senior shelf debt to a preliminary BBB-plus from A-minus.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.