Ratings agency Moody’s downgraded 10 US banks on Monday, with negative ratings actions on many more. Bitcoin has broken higher.
27 Banks suffer negative ratings actions
Following on from the Fitch ratings agency downgrade of the US from triple A to double A+, the Moody’s rating agency has followed up with downgrades of 10 small and midsize US banks, and put such august banking giants as New York Mellon and US Bancorp under review for possible downgrades.
In all, 27 banks received negative ratings actions from Moody’s which is likely to put them under further pressure and scrutiny at a time when the whole banking sector is struggling to keep itself above water after the Federal Reserve felt it had to buy all the bad bond debts, and as the commercial real estate time bomb gets ever closer to exploding.
Moody’s included the following in its report on Monday:
„To date, stress on US banks has been reflected almost exclusively in funding and interest rate risk related to monetary pol
We współpracy z: https://cryptodaily.co.uk/2023/08/multiple-us-banks-see-downgrades-as-bitcoin-breaks-out
