08/09/2023
Moody's has downgraded the credit ratings of several U.S. banks by one notch and has placed some other American banking giants on review for potential downgrades.
The downgrades come amid a series of financial troubles for the U.S., including a recent downgrade of the country's sovereign credit rating by Fitch.
Experts say that the downgrades do not necessarily signal a recession, but they do highlight the need for the U.S. to get its budgetary process in order.
https://bizcreditcentral.com/blog/moodys-downgrades-10-banks-warns-more-could-be-coming/
Moody's Investors Service downgraded the ratings of 10 U.S. banks this week and warned that more downgrades could be coming. The downgrades are a sign of the increasing pressure that regional banks are facing. One of the main concerns for Moody's is the rising cost of deposits. Banks are having…
