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Five U.S. banks and 9 European banks have had their ratings cut by Moody's, reports CNBC, with...

Five U.S. banks and 9 European banks have had their ratings cut by Moody's, reports CNBC, with the official announcement coming soon. On the U.S. side, JPM, GS, and C look to be receiving 2-notch cuts, worse than hoped. BAC is said to receive a 1-notch cut, in line. No word yet on MS, but the expectation is for a multi-notch cut.
Comments (3)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    Good thing those stress tests proved all these banks are in good shape, or else we'd have to worry about this.
    21 Jun 2012, 03:33 PM Reply Like
  • Rhianni32
    , contributor
    Comments (2055) | Send Message
     
    LOL. Nice one david. My coworkers came over and asked why I was laughing so hard.
    21 Jun 2012, 04:24 PM Reply Like
  • bigTTT
    , contributor
    Comments (258) | Send Message
     
    Although BAC's rating is the lowest of all the major banks I believe it's still not bad, being it's only one notch behind M.S. whom was dropped two notches, I believe. Which means! BAC is behaving like it's thought to be recovering. Slowly, but steadily. All aboard! Train is leaving the station!
    21 Jun 2012, 10:25 PM Reply Like
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