Moody's Downgrades 12 U.K. Banks, Trims 'Too Big To Fail' Ratings Lift

October 07, 2011   |   October 2011 Bond Updates
A few weeks ago, ratings agency Moody’s cut certain ratings on Bank of America, Wells Fargo and Citigroup under the premise that Dodd-Frank financial reform legislation makes it less likely the government will bail out such firms as it did in 2008.

View more at: http://www.forbes.com/sites/steveschaefer/2011/10/07/moodys-downgrades-12-u-k-banks-trims-too-big-to-fail-ratings-lift/
 
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