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LONDON — Moody’s Investors Service has put Goldman Sachs, Morgan Stanley, Deutsche Bank, UBS and more than 100 other financial institutions on notice.
Citing increasingly challenging market conditions, the credit-rating agency said it would review its grades for 114 banks based across Europe, as well as eight other financial institutions based elsewhere.
Moody’s indicated it could cut some credit ratings by as much as three levels as it weighed the risks to the banks’ investment banking models and large capital market exposures.
Moody’s said it was reviewing its ratings for banks based in European countries. Dow Jones Newswires
