Fitch puts three U.S. banks on review for downgrade
On Thursday October 13, 2011, 4:42 pm
(Reuters) – Fitch Ratings placed Bank of America Corp (NYSE:BAC – News), Morgan Stanley (NYSE:MS – News) and Goldman Sachs Group Inc (NYSE:GS – News) on review for possible downgrades on Thursday.
The ratings agency, which also put six European banks on review for downgrades, said the institutions’ viability ratings and long-term issuer ratings were on “negative” watch as its analysts engage with the companies and review any new information they receive.
The cuts would in most cases be one notch and in some cases two notches, Fitch said