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S&P will update the credit ratings on the world's 30 largest banks before Christmas as the...

S&P will update the credit ratings on the world's 30 largest banks before Christmas as the agency tries to apply updated methodologies. Watch out for downside surprises, but one analyst sees the move as maybe signalling a bottom in the sector - ratings agencies tend to alter their process after the market has already made its move down, says Ryan Brist.
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