   
Qdoba
Junior Artist Username: Qdoba
Post Number: 920 Registered: 03-2012 Posted From: 207.166.204.5
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, May 11, 2012 - 07:53 pm: |
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http://money.cnn.com/2012/05/11/markets/jpmorgan-fitch-downg rade/ The closing bell brought no relief for JPMorgan Chase on Friday, as a major credit rating agency moved to downgrade its debt almost exactly 24 hours after the bank revealed a $2 billion trading loss. Fitch Ratings downgraded both JPMorgan's short-term and long-term debt, with the latter falling to A+ from AA-. The bank, the country's largest by assets, was also placed on ratings watch negative. My Message to Everyone |