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News Link • Economy - Economics USA

Moody's may cut BofA, Citi, Wells ratings

• Reuters

Moody's Investors Service said it may downgrade the debt ratings of Bank of America Corp, Citigroup Inc and Wells Fargo & Co, citing concerns about waning U.S. political willingness to offer support for the largest banks.

The sweeping Dodd-Frank financial reform law is eliminating the certainty of U.S. governmental support that some "too big to fail" banks needed to survive the financial crisis, Moody's said on Thursday.


1 Comments in Response to

Comment by Powell Gammill
Entered on:

Unless the debt limit is raised and QE3 pumps them back up, of course. BOA: Bend over America!


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