Tuesday, April 3, 2007

morning update ... 04 04 2007

Moody's ugrade and downgrades banks 6 weeks after Moody's upgraded 145 banks, it downgraded 45 of them. (including Iceland's Kaupthing Bank hf) Majority of rating adjustment will be one notch, and some Eurapeen banks will face a cut as much as 3 notchs.

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