Moody's warns of big bank downgrades.
Story Created: Feb 16, 2012 at 7:57 AM America/New_York

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NEW YORK (AP) - Some of the world's biggest banks as well as some securities firms may face a downgrade in their credit ratings.

Moody's Investors Service says it may take the action because the long-term prospects for profitability and growth are shrinking at the affected institutions.

 They include Citigroup, Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley.
 


 


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