Moody's Downgrades Financial Firms |
| June 22, 2012 | June 2012 Bond Updates |
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Moody's Investors Services yesterday downgraded ratings for 15 firms with global capital-markets operations from one to three notches. The firms whose ratings were cut include Bank of America (BAC), Goldman Sachs (GS), and Citigroup (C). In addition, unsecured long term debt ratings for Morgan Stanley (MS) were reduced by two notches, from Baa1 to A2. |
| View more at: http://www.forbes.com/sites/marketnewsvideo/2012/06/22/moodys-downgrades-financial-firms/ |
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