Moody’s has announced a review for possible downgrades of six U.S. regional banks, citing their significant exposure to commercial real estate (CRE) loans.

The banks under review include First Merchants Corp., F.N.B. Corp., Fulton Financial Corp., Old National Bancorp, Peapack-Gladstone Financial Corp., and Wafd.

Moody’s, a leading credit rating agency, highlighted concerns about asset quality and profitability pressures due to these banks' substantial CRE loan concentrations.

Prolonged high interest rates have exacerbated these pressures, increasing risks during economic downturns.