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Moody's Downgrades 15 of World's Biggest Banks

Ratings agency Moody's downgraded 15 of the world's biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities, but banks criticized the move as backward looking.

June 22, 2012 at 2:36 AM
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Business | Bigger India | June 2012

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