US Banks Safety Downgraded Moodys Credit Rating Agency 8 August 2023

US Banks Safety Downgraded Moodys Credit Rating Agency 8 August 2023

Reuters Report 8 August 2024: Ratings agency Moody’s on Monday downgraded several mid-sized U.S. banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits.

Moody’s also said it may downgrade some of the largest U.S. lenders, in a blow to the industry that regained stability after several bank failures earlier this year.