S&P admits its damning ranking (.pdf) of banks' capital strength, which sparked concerns...

|By:, SA News Editor

S&P admits its damning ranking (.pdf) of banks' capital strength, which sparked concerns over low rankings at UBS (UBS) and Citigroup (C), failed to take into consideration actions banks have taken since June to clean up their books. Insiders say S&P will issue a supplementary statement in the next few days.