Moody’s May Downgrade BofA, Citi, Wells Ratings

Moody’s Investors Service (MCO) said it may downgrade the debt ratings of BofA (BAC), Citigroup Inc (C) and Wells Fargo (WFC), citing considerations regarding declining political determination to provide assistance for the premier U.S. banks. The ratings firm said on Thursday it put the deposit, senior debt and senior subordinated debt ratings of the three banks under review for possible downgrades. – Reuters

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.