Commerzbank (CRZBY.PK), Germany’s second-largest bank, has its credit rating cut one level...

|About: Commerzbank AG ADR (CRZBY)|By:, SA News Editor

Commerzbank (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.