12-06-22 WRECKING BALL: MOODY’S DOWNGRADES 15 MAJOR BANKS

Humpty Dumpty sat on a wall,
Humpty Dumpty had a great fall;
All the king's horses and all the king's men
Couldn't put Humpty together again.
_________
THE BLAZE

BUSINESS

WRECKING BALL: MOODY’S DOWNGRADES 15 MAJOR BANKS

Posted on June 21, 2012 at 7:09pm by  Becket Adams

• Bank of America’s debt was downgraded to Baa2 from Baa1. That’s just a couple of notches above junk status.
• JPMorgan Chase’s debt was downgraded to A2 from Aa3
• Citigroup’s to Baa2 from A3
• Morgan Stanley’s to Baa1 from A2
• Goldman Sachs’s to A3 from A1
• HSBC’s to Aa3 from Aa2
• Barclay’s to A3 from A1

Moody‘s Investors Service lowered the credit ratings of 15 the world’s largest banks late Thursday, including Bank of America, JPMorgan Chase, Citigroup, and Goldman Sachs, saying their long-term prospects for profitability and growth are shrinking.

READ MORE:http://www.theblaze.com/stories/wrecking-ball-moody%E2%80%99s-downgrades-15-major-banks/?s-downgrades-15-major-banks/