Moody's Places Morgan Stanley (MS) Debt Under Review For Possible Downgrade
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Moody's Places Morgan Stanley (NYSE: MS) Debt Under Review For Possible Downgrade
According to Reuters, Moody's is reviewing Morgan Stanley's AA3 rating for a downgrade. Citing the firm's "expensive trading mishaps," Moody's says Morgan Stanley's long-term rating likely to be downgraded to A1.
Morgan Stanley is currently down around 1.5%.
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