Economy
11:30 30/11/2011
S&P cuts ratings on big global banks
Standard & Poor's reduced its credit ratings on 15 big banking companies, mostly in the Europe and the United States, on Tuesday as the result of a sweeping overhaul of its ratings criteria, according to Reuters.
JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc, Wells Fargo & Co, Goldman Sachs Group Inc, Morgan Stanley, Barclays Plc, HSBC Holdings Plc, Royal Bank of Scotland AAHAUS.UL Group Plc and UBS AG were among the banks that had their ratings reduced by one notch each. A notch is one third of a letter rating.
S&P also left the ratings of 20 banks as they were and raised the ratings of two in announcing results from its new ratings criteria for 37 of the world's biggest banking companies. The agency also updated ratings for dozens of bank subsidiaries of the companies.
The two banks which received higher ratings are Bank of China Ltd and China Construction Bank Corp. Ratings on both rose to A from A-minus.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
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