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Moody's cuts ratings of 15 banks, Morgan Stanley down 2 notches

News Link • Economy - Economics USA

Moody's cuts ratings of 15 banks, Morgan Stanley down 2 notches

06-21-2012 • Reuters

Ratings agency Moody's downgraded 15 of the world's biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities, but banks criticized the move as backward looking.

Read Full Story

Reported by Powell Gammill

•

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Tags: ratings, agency, moodys, downgraded, worlds, biggest, thursday, lowering, credit, ratings, notches, reflect, losses, volatile, capital, markets, activities, criticized, backward

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