Moody's downgrade rumor


Locutus
#1
Am hearing the Moody's downgrades of UK banks likely to be at 6.30 our time, with US banks downgraded later tonight


https://twitter.com/Peston/status/215854974788308992


TSX plummets 350 points - thestar.com
 
JLM
#2
Quote: Originally Posted by Locutus View Post

Am hearing the Moody's downgrades of UK banks likely to be at 6.30 our time, with US banks downgraded later tonight


https://twitter.com/Peston/status/215854974788308992


TSX plummets 350 points - thestar.com

And it will probably climb 400 tomorrow.

Quote: Originally Posted by Locutus View Post

Am hearing the Moody's downgrades of UK banks likely to be at 6.30 our time, with US banks downgraded later tonight


https://twitter.com/Peston/status/215854974788308992


TSX plummets 350 points - thestar.com

And it will probably climb 400 tomorrow.
 
Liberalman
#3
According to Glenn Beck economic disaster is near only food insurance can save you.
 
dumpthemonarchy
#4
Quote: Originally Posted by Liberalman View Post

According to Glenn Beck economic disaster is near only food insurance can save you.



A yawner. Moody's like the rest of the financial cabal, didn't see the 2008 crash coming. That's why the fed govt lowered the length of time you can get a mortgage, from 30 to 25 years. The financial economy needs to be reined in for the good of the world.

Glenn Beck must think he lives in Libya, Egypt or South Korea, where they import large amounts of food. He's very entertaining though.
 
Highball
#5
Well they did get down graded and those CEO's are all home writing letters of explanation the their respect Boards of Directors too. Some top level heads will roll over this action. It will cost them all some money. Maybe this is a "Payback" for their part in the engineered fiscal crisis of 2007-08?
 
Nuggler
#6
FOR SALE" 1 LB CARROTS $300.00 us
 
Locutus
#7
MOODY'S DOWNGRADES GLOBAL BANKS



Ratings agency Moody's downgraded the long-term credit ratings of 15 major U.S., Canadian, and European banks today after markets in New York closed.

Of the 15 firms downgraded this afternoon, none were hit more than Moody's originally said was possible when it placed them on review in February.

The action will likely force many of the banks targeted post additional collateral against trades held on their books.

Below, a summary of the major ratings action taken.

Cut One Notch:
  • HSBC downgraded to Aa3 from Aa2
  • Lloyds TSB downgraded to A2 from A1
  • RBS downgraded to Baa1 from A3
  • Societe Generale downgraded to A2 from A1
Cut Two Notches:
  • Bank of America downgraded to Baa2 from Baa1
  • BNP Paribas downgraded to A2 from Aa3
  • Barclays downgraded to A3 from A1
  • Citigroup downgraded to Baa2 from A3
  • Credit Agricole downgraded to to A2 from Aa3
  • Goldman Sachs downgraded to A3 from A1
  • JP Morgan Chase downgraded to A2 from Aa3
  • Morgan Stanley downgraded to Baa1 from A2
  • RBC downgraded to Aa3 from Aa1
  • UBS downgraded to A2 from Aa3
Cut Three Notches:
  • Credit Suisse downgraded to (P)A2 from (P)Aa2
the rest:


MOODY'S DOWNGRADES GLOBAL BANKS - Business Insider


Bank Investors Dismiss Moody
 

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