The banking industry hasn’t escaped the housing crisis yet.

Moody’s has lowered U.S. Bancorp‘s credit ratings a notch, saying that it faces “continued elevated credit costs and profitability pressures,” the Wall Street Journal reports.

The credit costs would mostly come from real-estate, Moody’s said, but there will also be risk from consumer and commercial loans.

Moody’s still expects U.S. Bank to stay a relatively highly rated bank, the newspaper reports, because of its capital, liquidity and “clear track record” of strong earnings.