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Credit Rating Agency Moody's Downgrades 15 Banks
Originally published on Fri June 22, 2012 4:17 am
Fifteen major banks were downgraded Thursday in a reflection of the slowing global economy and volatility in financial markets. In a sweeping move, Moody's cut the credit ratings of some of the world's largest financial institutions, including Bank of America, Goldman Sachs and Citigroup.