Moody's says developments prompt reviews of regional banks

03/13/2009 | Forbes

Moody's Investors Service said ongoing poor performance of mortgages and steep declines in prices of commercial real estate will likely hit the financial strength of nearly two dozen regional banks. The ratings agency said it is reviewing the banks for possible downgrades, and also reviewing the deposit and debt ratings of 17 of the institutions. The reviews will likely be completed by mid-May, Moody's said.

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