Thursday, November 17, 2011

Moody's Downgrades 10 German Banks

Full Story: Business Insider / Money Game 16 Nov

Moody's has downgraded the long-term debt ratings of 10 German public-sector banks (primarily Landesbanken), extended the review of one and confirmed the ratings of another Wednesday.

The downgrades stem from its assumption that the banks have a lower likelihood of external support, says Business Insider.

For more on this, read full story.


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