Standard & Poor’s is revamping its credit rating methodology for banks and financial institutions in a way that may cause about 40% of rated banks to get a downgrade, The Wall Street Journal reported Tuesday.
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S&P’s New Credit Rating System May Lead to Mass Downgrades for Banks originally appeared on DailyFinance on Tue, 11 Jan 2011 15:51:00.
Filed Under: Economy, Investing, Credit, Market News