NEW YORK - Thomson Financial BankWatch downgraded its ratings Thursday for Advanta Corp.'s short-term debt and preferred stock, as well as the senior debt of its Advanta National Bank.

The ratings fell to BB-minus from BB-plus for the Spring House, Pa., banking company's senior debt and to B from BB-minus for its preferred stock. BankWatch downgraded Advanta National Bank's senior debt to BB from BBB-minus.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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