Moody's Downgrades Credit Ratings for 12 British Banks
The credit rating agency also downgraded Portuguese financial insitutions
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Investors are licking their wounds following Moody's downgrade of 15 of the biggest banks in the world on Thursday afternoon, especially since the hit coincided with the Dow closing down 250 points, bringing the second-worst trading day of 2012. Why did Moody's do it?
The credit rating agency also downgraded Portuguese financial insitutions
He owns Moody's, downgrades two of his major banking investments
Moody's lowered its rating after concluding the government is unlikely to bail it out
It's more than doubled since 2000, according to Moody's
The ratings agency says there is still time for the government to tackle the possibility of a downgrade before 2013
A senior credit officer called the deal "a positive step" toward reducing debt levels
A Reuters poll found a majority of economists think a downgrade is inevitable
One commenter doesn't get why the U.S. needs to listen to the credit rating agency
The ratings agency's private warning to lawmakers follows Moody's bond rating review
It's about the debt ceiling deal, or lack thereof
The ratings agency slashed the Emerald Isle's debt junk status
The ratings agency's website appears to have been defaced
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