Wrecking Ball: Moody’s Downgrades 15 Major Banks | TheBlaze.com: "Bank of America’s debt was downgraded to Baa2 from Baa1. That’s just a couple of notches above junk status.
JPMorgan Chase’s debt was downgraded to A2 from Aa3
Citigroup’s to Baa2 from A3
Morgan Stanley’s to Baa1 from A2
Goldman Sachs’s to A3 from A1
HSBC’s to Aa3 from Aa2
Barclay’s to A3 from A1
Moody‘s Investors Service lowered the credit ratings of 15 the world’s largest banks late Thursday, including Bank of America, JPMorgan Chase, Citigroup, and Goldman Sachs, saying their long-term prospects for profitability and growth are shrinking."
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