22 Large Eurozone Banks Vulnerable to Brexit

PALM BEACH GARDENS, Fla., July 6, 2016 /PRNewswire/ -- Twenty-two of 38 large commercial banks headquartered in the Eurozone merit a Weiss Safety Rating of D+ or lower, making them vulnerable to Britain's exit from the European Union, with potentially widespread global repercussions. Among the 38 Eurozone banks covered, none are rated higher than a C+.

These are the conclusions of the 2016 Global Bank Ratings released today by Weiss Ratings, the nation's leading provider of independent financial safety and investment ratings.

The report, including the first and only completely independent ratings on global banks, covers 280 of the world's largest banks (with at least $3 billion in assets), rating them with letter grades ranging from A+ (strong) through E- (very weak).

Consumers interested in purchasing the 2016 Global Bank Ratings and special Eurozone Crisis report can visit http://offers.weissratings.com/globalbankratings/

The report is $247 but is $97 for a limited time. It includes a 30-day Platinum-level membership to weissratings.com, so readers can access resources mentioned in the report. The Eurozone Crisis report can be downloaded separately, for free by visiting http://offers.weissratings.com/eurozonecrisis/.

            Weiss Ratings Scale: A = excellent, B = good, C = fair, D = weak, E = very weak.

SOURCE Weiss Ratings