IT’S STARTED: MOODY’S DOWNGRADES GLOBAL BANKS
June 21, 2012
Morgan Stanley cut two notches to Baa1 from A1.
Bank of America cut to Baa2, outlook negative.
Citi cut to Baa2.
JP Morgan cut two notches to A2 from AA3.
Credit Suisse cut three.
Goldman cut to A3.
HSBC cut to AA3 from AA2, one notch.
UBS cut two notches.
RBS cut cut to Baa1 from A3.
BNP cut to A2, outlook negative.