Fitch downgrades six global banks
Fitch Ratings on Thursday downgraded six global banks as part of its review of the ratings of the world's largest financial institutions.
The banks downgraded were:
- Bank of America Corp: to 'A' from 'A+';
- Barclays plc: to 'A' from 'AA-';
- BNP Paribas: to 'A+' from 'AA-';
- Credit Suisse AG: to 'A' from 'AA-';
- Deutsche Bank AG: to 'A+' from 'AA-';
- The Goldman Sachs Group, Inc: to 'A' from 'A+';
(Reporting By Walter Brandimarte; Editing by Andrew Hay)
(This story was changed after Fitch corrected Deutsche Bank's new rating to A-plus, not A)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion