May
28
Morgan Stanley Rating Rises Two Steps in Moody’s Bank Review
ByMorgan Stanley’s long-term issuer rating jumped two steps, and grades for three other investment banks’ holding companies rose one, as Moody’s Investors Service reviewed regulatory changes that make it easier for lenders to weather emergencies by imposing losses on junior creditors.
Bank of America Corp., Citigroup Inc. and Goldman Sachs Group Inc. had their holding-company grades boosted one level, Moody’s said Thursday. Holding-company ratings were cut for four banks: Barclays Plc, HSBC Holdings Plc, Credit Suisse Group AG and Royal Bank of Scotland Group Plc…
Morgan Stanley Rating Rises Two Steps in Moody’s Bank Review