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Moody's Slams BofA, Citigroup With Downgrades

JPMorgan and Goldman Sachs also walloped by rating agency

By Neal Colgrass,  Newser Staff

Posted Jun 21, 2012 5:47 PM CDT

(Newser) – Moody's warned that the ax was coming, and today it came. The credit rating agency downgraded 15 major financial firms today in a move that is sure to hurt their bottom lines and rattle markets, the New York Times reports. Moody's knocked Credit...   Read full story »

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