- Treasury Threatens Banks, Not Borrowers
- Dubai World to Restructure About $26 Billion of Debt
- Lesson From Dubai: Start Cutting Risk In Your Portfolio
- Iranian Seizure of British Yacht Pushes Oil Above $77
- Should Homeowners Be Able to Stop Paying Mortgage?
- Buffett's Predictions For Next Year—And Every Year
- The World's Biggest Debtor Nations
- Scientists Gone Wild: Climate Debate Turns Nasty
- Goldman Sachs Party Ban: No Gatherings of 12 or More
- Treasury Threatens Banks, Not Borrowers
- We're Approaching a Market Bubble: Portfolio Manager
- Hershey Shares: What Options Are Saying
- Nov. 30: Unusual Volume Leaders
- Why Careful Shoppers Are Great for the Box Office
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Best Online Retailers to Buy Now: Internet Analyst
- ESPN The Magazine’s Body Issue: A Financial Success
- Cyber Monday: The Last Vestige of Dotcom Hype
MOST SHARED
- Timeless and Time-Tested Warren Buffett Watch Predictions
- Should Homeowners Be Able To Walk Away From Mortgage?
- Goldman Sachs Party Ban: No Gatherings of 12 or More
- Dubai World Set to Restructure About $26 Billion of Total Debt
- Governments Must Take Steps To Avoid More Dubais: El-Erian
- Black Friday Sales Disappoint Investors; Amazon Up
- Nov. 30: Unusual Volume Leaders
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Notre Dame Fires Charlie Weis After 5 Seasons
- Get Paid Six Figures to Wear a T-Shirt?
Text Size 
Moody's Investors Service lowered the senior debt rating of Bank of America from A1 to A2.
It also Lowered the senior subordinated debt rating to A3 from A2, and the junior subordinated debt rating to Baa3 from A2.
And the preferred stock rating for BofA [BAC
Loading...
()
] was downgraded to B3 from Baa1. The holding company's short-term rating was affirmed at Prime-1.
 |
CNBC.com |
In a statement, Moody's said Bank of America's capital ratios could come under pressure in the short-term, increasing the probability that systemic support will be needed.
Moody also said the rating actions are consistent with its recent announcement that it is recalibrating some of the weights and relative importance attached to certain rating factors within its current bank rating methodologies.
Print
Email
- Ever wished your cab driver would stop chatting and just get to where you're going? Well, that moment is closer than ever.
- UPS is giving its customers the option to offset its carbon emissions when sending a package.
- Romania's presidential campaign has been rocked by a video that may show the president striking a 10-year-old boy.
- Raising alligators is hard work, and the fickle taste of rich consumers has just made it much harder, says the NY Times.
- A recent issue of ESPN Magazine was one of its top sellers ever, and it only took scantily clad athletes to make it happen.
- The continued real estate boom in China is partially fueled by a generational flood of newlyweds.
Data is a real-time snapshot *Data is delayed at least 15 minutes