Moody's changes mean possible downgrades to banks' bonds

11/18/2009 | Financial Times (tiered subscription model)

Moody's Investors Service made changes to its methodology that could result in possible multinotch downgrades to the hybrid bonds of many banks. Moody's said it will soon announce which hybrids will be put on review because of the changes, which allow the credit rating agency to account for more factors. When the changes were proposed several months ago, the agency said about 75% of all hybrids' ratings likely would change.

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