October 16, 2008 at 12:33 PM EDT
S&P Sees Ratings Pressure on US Banks Despite Bailout
Standard & Poor’s says there continues to be downward ratings pressure on major US banks, even though the risks of a “credit cliff” have receded in the wake of the government rescue plan. S&P said it will likely not change banks’ ratings at this time as a result of the government’s actions. “However, while we believe these [...]
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