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    What do you think of Moody's rating cuts on banks?

    Solution Preview

    Basically, there are going to be banks that end up slamming Moody's for their actions and that claim Moody's to be biased for a variety of reasons. Moody's took action based on their research and combined it with current financial data from the banks. When they decided to downgrade a notch or two notches on most banks, it's going to draw attention. The banks that were downgraded the most are going to complain - just as if a homeowner kept getting turned down for refinance loans, they're likely going to complain about the credit rating system because they are ...

    Solution Summary

    This solution discusses the rating cuts on banks by Moody's.