Business Blog: Moody's downgrades 10 US banks, warns of possible cuts to others

Monday, August 7, 2023

Moody's downgrades 10 US banks, warns of possible cuts to others

Moody's has downgraded the credit ratings of 10 US banks by one notch and has placed some of the major lenders on review for potential downgrades. Moody's has changed its outlook to negative for several major lenders, which include Capital One, Citizens Financial, and Fifth Third Bancorp, among others.

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