S&P Makes Good On Most Of Bank Downgrade Promise
Posted on June 17, 2009 at 21:24 PM EDT
Standard & Poor’s cut the credit ratings of 18 banks, citing further weakening in the financial sector, after it said last month that 23 banks have a 50% chance of being downgraded within 90 days. Among the banks that saw their ratings cut by S&P were BB&T Corp. (BBT), Wells Fargo ...
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