Moody's downgrades 15 major banks

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Moody's downgrades 15 major banks

Thursday, Moody’s downgraded Bank of America, Barclays, BNP Paribas, Citigroup, Credit Agricole, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan Chase, Morgan Stanley, Royal Bank of Canada, Royal Bank of Scotland Group, Societe Generale, and UBS. (Moody’s had already downgraded Macquarie Group and Nomura Holdings on March 15.)

Of the 15 banks in the list Thursday, Moody's gave a three-notch downgrade to just one, Credit Suisse. Morgan Stanley, which had been expected to get a three-notch downgrade, was downgraded by just two notches. (The stock rallied in afterhours trading by 3.6%)

money.msn.com/top-stocks/post.aspx?post=fe1a21cb-dbd7-4101-9a99-31bd746d2cd0

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British banks to be downgraded by credit ratings agency Moody’s as euro-crisis spreads

June 21, 2012 – LONDON – British banks are set to be downgraded by a leading credit ratings agency, it was claimed today. Royal Bank of Scotland, Lloyds Banking Group and Barclays are all in line for a downgrade by ratings agency Moody’s over fears the eurozone crisis threatens their stability.

theextinctionprotocol.wordpress.com/2012/06/21/british-banks-to-be-downgraded-by-credit-ratings-agency-moodys-as-euro-crisis-spreads/