Moody's Investors Service, one of the two big ratings agencies, has said it will decide in mid-May whether to lower its ratings for 17 global financial companies. Morgan Stanley, which was hit hard in the financial crisis, appears to be the most vulnerable. Moody's is threatening to cut the bank's ratings by three notches, to a level that would be well below the rating of a rival like JPMorgan Chase.


ronin at 18:59 2012-03-30 said:
Is Moody's trolling for business from the banks, trying to manipulate the market, or what?

To pre-announce double-notch downgrades 45 days in advance smells nasty. Permalink

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