Close

S&P Downgrades Bank of America (BAC), Citi (C), Others

November 29, 2011 4:53 PM EST
Standard & Poor's lowered its ratings on a host of the largest financial institutions after the close Tuesday:

BofA (NYSE: BAC) from A to A-;
Citi (NYSE: C) from A to A-;
Goldman (NYSE: GS) from A to A-
Wells Fargo (NYSE: WFC) from AA- to A+;
Morgan Stanley (NYSE: MS) from A to A-
JPMorgan (NYSE: JPM) from A+ to A; outlook Stable
Bank of New York Mellon (NYSE: BK) from AA- to A+; outlook Negative
HSBC (NYSE: HBC) from AA- to A+; outlook Stable
Lloyd's (NYSE: LYG) from A to A-; outlook Stable
UBS (NYSE: UBS) from A+ to A; outlook to Negative;
Barclays (NYSE: BCS) lowered from A+ to A; outlook Stable

S&P reduces outlook on Deutsche Bank (NYSE: DB), Credit Suisse (NYSE: CS) from Stable to Negative.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Credit Ratings, Trader Talk

Related Entities

Credit Suisse, Deutsche Bank, UBS, JPMorgan, Citi, Morgan Stanley, Standard & Poor's, Barclays, HSBC, Wells Fargo