Moody's may downgrade 114 banks from 16 European nations
(Reuters) - Moody's said it was taking ratings actions on 114 financial institutions in 16 European countries to reflect the impact of the continent's debt crisis and the deteriorating creditworthiness of governments in the region.
"Moody's expects that once ratings will fully reflect the effects of currently foreseen adverse credit drivers," the agency said.
Moody's said that for 99 financial institutions, the standalone credit assessments have been placed on review for downgrade. For 109 institutions, the long-term debt and deposit ratings have been placed on review for downgrade.
For 66 institutions, the short-term ratings have been placed on review for downgrade.
(Reporting by Wayne Cole)
- Tweet this
- Share this
- Digg this
- Israel pummels Gaza; Kerry steps up diplomatic push |
- Plane with first coffins of Malaysian airliner victims leaves Ukraine |
- Ukraine says pro-Russia rebels pull back from Donetsk outskirts
- Bank of England eyes wage puzzle as it mulls when to raise rates
- MPs criticise UK arms sales to Russia as Cameron pledges no new exports