Moody’s Investors Service placed six US banks on review for potential credit rating downgrades late Monday, in the wake of last week’s collapse of Silicon Valley Bank. The credit ratings firm also downgraded Signature Bank deep into junk territory following that bank’s failure. Ratings downgrades can make it more expensive for companies to borrow money.
” The move comes after shares of regional banks got clobbered on Monday even after the US federal government stepped in with a massive intervention designed to protect depositors and prevent further bank runs. Regional bank shares rebounded in premarket trading on Tuesday.
Wondering if they all incorporated Diversity hiring and ESG in their lending practices?
A little late, eh. Moody's the same rating agency that is in cahoots with Wall Street mortgage crisis 2008 brokerages
Be your own Bank and dont trust politicians and central banks . Bitcoin fixes this. No one can take your Money! Bitcoin need no trust no Central Banks and have no Inflation!
Where’s Moody’s been in the last 6 months on SVB, Signature & First Republic?!?
Seems Moody’s is a little late with this
Money is not safe out Money is not safe in bank Money is not safe at stos Money is safe at all
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