BofA, Wells Fargo Downgraded by Moody’s

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BofA, Wells Fargo Downgraded by Moody’s

BofA, Wells Fargo Downgraded by Moody’s

Bloomberg-

Bank of America Corp. (BAC) and Wells Fargo & Co. had their long-term credit ratings downgraded by Moody’s Investors Service, citing a decreasing probability that the U.S. would support the lenders in an emergency. Citigroup Inc.’s short-term rating also was cut.

[Bloomberg]

 

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