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

|About: Bank of America Corporation (BAC)|By:, SA News Editor

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.