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Moody's could issue its expected downgrades of large banks this week, with the short-term debt...

Moody's could issue its expected downgrades of large banks this week, with the short-term debt of BofA (BAC) and Citigroup (C) set to possibly receive cuts from Prime-1 to Prime-2. In anticipation of Moody's action, money-market funds have been limiting some lending to banks, and municipal bond issuers have been switching bankers.
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Comments (2)
  • chaodonghe
    , contributor
    Comments (100) | Send Message
     
    Let us downgrade Moody. What was the last time Moody was right? When was the last time the world was doomed.
    10 Jun 2012, 07:03 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    These stupid ratings agencies will upgraded the ratings when stocks trades all time high e.g. BAC above 100. Then time to sell. Now it is buy time.
    10 Jun 2012, 10:43 PM Reply Like
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