Fitch Downgrades 5 Big European Banks
Fitch's downgrades came in the face of the ongoing debt crisis in Europe, as well as problems facing the banking sector.
Moody’s Downgrades BofA, Wells Fargo & Citigroup
More advisors may feel the necessity to seek independence, as lack of potential government bailouts led to ratings cut.
Moody’s Downgrades Japan One Notch
Rating agency cites political situation as reason; Japan now at same level as China.
Top 5 Reasons Why U.S. Bonds Are Still a Good Bet
The United States’ reputation for backing its debt with a “full faith and credit” guarantee was tarnished by the S&P downgrade, but a beneficiary of the negative market sentiment was the very same asset class that caused the selloff in the first place: U.S. Treasuries.