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Moody’s Said To Be Poised To Announce Bank Downgrades Today

By Howard Mustoe - Jun 21, 2012 2:04 PM ET

Moody’s Investors Service has told banks it may later today announce downgrades of the credit ratings of as many as 17 lenders and securities firms with global capital markets operations, according to two people with knowledge of the plans.
The announcement may come after the close of trading in New York today, said one of the people, who asked to not be identified because the information is private.
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Moody's Investors Service Inc. headquarters in New York. Photographer: Scott Eells/Bloomberg
“As a policy we don’t comment on the timing of potential future rating actions,” Abbas Qasim, a New York-based spokesman for Moody’s, said in a telephone interview today.

read more: http://www.bloomberg.com/news/2012-06-21/moody-s-said-to-be-...



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