Some of the biggest banks could be on the cusp of a credit rating downgrade, analyst Glenn...

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

Some of the biggest banks could be on the cusp of a credit rating downgrade, analyst Glenn Schorr writes, with Bank of America (BAC), Citigroup (C) and Morgan Stanley (MS) "most at risk of being downgraded to Tier 2 status.” But he downplays the effect on commercial paper issuance, noting that “most of the big firms have meaningfully reduced CP and built up large liquidity buffers.”