Moody’s: No end yet to banks’ credit troubles
By Geert De Lombaerde Posted on September 10, 2009 at 1:01 pmThe ratings agency this morning reiterated its negative rating on the banking sector, saying it does “not believe asset quality deterioration for the US banking industry has reached its peak.” Commercial real estate in will be a particular thorn in the side going forward, Moody’s analysts said.
Tags: banking, credit, debt ratings, distressed assets, loan losses, Moody's Investors Service
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