Moody's reviews ratings of banks and securities firms

02/16/2012 | Bloomberg

Moody's Investors Service is considering cutting the credit ratings of Deutsche Bank, JPMorgan Chase, Credit Suisse and several other banks and securities firms operating in global capital markets. "Capital markets firms are confronting evolving challenges, such as more fragile funding conditions, wider credit spreads, increased regulatory burdens and more difficult operating conditions," Moody's said. "These difficulties, together with inherent vulnerabilities such as confidence-sensitivity, interconnectedness, and opacity of risk, have diminished the longer term profitability and growth prospects of these firms."

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