10/01/2020 I have rated this new issue ‘D’. The company has a huge amount (22%+/-) of loans in deferral because of the corona virus. It is likely many of these loans will not be paid and as a small bank financials could be significantly affected.
7/6/2023 Upgraded to average as the bank has fixed their previous credit issues.
MNSBP
MNSB
NA
09/11/2020
09/30/2025
None
1,000,000
0
7.50%
$25.00
No
Yes
0.4688
FEB, MAY, AUG, NOV
20
MAR, JUN, SEP, DEC
30