Moody's Cuts Credit Ratings of 15 Big Banks

Quicklink submitted by Sheila Samples     Permalink
Related Topic(s): ; ; ; , Add Tags

View Ratings | Rate It

opednews.com

Become a Fan
  (39 fans)


At dealbook.nytimes.com

After putting banks on watch four months ago, Moody's Investors Service on Thursday slashed the credit ratings of 15 large financial firms, in a move that could do lasting damage to their bottom lines and unsettle the markets. Two United States banks that were hit hard in the financial crisis emerged with the lowest ratings. Citigroup and Bank of America are now rated only two notches above junk. While Morgan Stanley avoided a worst-case scenario of a three-notch downgrade, its rating slipped by two levels.

Read the rest of the story HERE:

At dealbook.nytimes.com

- Advertisement -
- Advertisement -

 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments