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21
Sep

Moody’s Downgrades BofA, Wells Fargo and Citi Debt Ratings

Posted by Susan Mitchell (0) Comment

Moody’s Investors Service lowered the debt ratings for Bank of America Corp., Wells Fargo & Co. and Citigroup Inc., saying it is now less likely that the U.S. government would step in and prevent the lenders from failing in a crisis.

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Category : Banking News | Blog
6
Aug

Standard And Poors Downgrade US AAA Credit Rating First Time Ever

Posted by Susan Mitchell (0) Comment

Standard And Poors (S&P) downgraded the pristine AAA credit rating of the USA. Republicans and Democrats quickly doled out blame to each other for the first-ever downgrade in the nation’s sterling credit rating, an expected but unsettling move that further clouds prospects for the recovery of the fragile United States’ economy.

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Category : Economy News | Blog