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More Banks Will Need Capital

Discussion in 'Finance & Banking' started by Tropo, 5th May, 2009.

  1. Tropo

    Tropo Well-Known Member

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    More Banks Will Need Capital

    The Fed plans to release the results of the stress tests on Thursday after U.S. stock markets close.
    Anticipating the test results, McGraw-Hill Cos.' Standard & Poor's Ratings Service unit put on watch for downgrade the credit ratings of 22 banks and one thrift.
    The affected companies face at least a 50% chance of being downgraded by at least one notch in the next 90 days.
    More Banks Will Need Capital - WSJ.com