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Commerzbank (CRZBY.PK), Germany’s second-largest bank, has its credit rating cut one level...
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Wednesday, June 6, 2012, 3:18 AM ETCommerzbank (CRZBY.PK), Germany’s second-largest bank, has its credit rating cut one level by Moody's. The move is a "bit harsh," say some analysts, but eurozone uncertainty does pose a potential risk to German firms. Five other German banks were also downgraded and Deutsche Bank (DB), Germany's largest lender, is still under review.
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