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What do you think of Moody's rating cuts on banks?

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What do you think of Moody's rating cuts on banks?

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Solution Summary

This solution discusses the rating cuts on banks by Moody's.

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Basically, there are going to be banks that end up slamming Moody's for their actions and that claim Moody's to be biased for a variety of reasons. Moody's took action based on their research and combined it with current financial data from the banks. When they decided to downgrade a notch or two notches on most banks, it's going to draw attention. The banks that were downgraded the most are going to complain - just as if a homeowner kept getting turned down for refinance loans, they're likely going to complain about the credit rating system because they are ...

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