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Moody’s Threatens To Cut Credit Ratings Of Banks

Friday, August 23, 2013 - 7:35 AM
Believing that the government is now more likely to let large banks fail in a crisis, Moody’s Investors Service threatened on Thursday to downgrade the credit ratings of several big financial firms.

If it follows through, Moody’s could reduce the ratings of Wall Street giants like Goldman Sachs, Morgan Stanley and JPMorgan Chase as much as two grades.

http://dealbook.nytimes.com/2013/...ss&_r=
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