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Last Call: Cuts Like a Knife — Moody's Downgrades Banks
21 Jun 2012 EDT - CNBC.com
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There's times I've 'bin mistaken There's times I thought I'd 'bin misunderstood So wait a minute darlin' Can't you see we did the best we could

-Bryan Adams, “Cuts Like a Knife”

Below, Moody’s makes its long awaited downgrades.

Market Musings With CNBC Market Guru Robert Hum

  • Rotten mood on Wall Street ahead of Moody’s downgrade of global banks
  • Dow, S&P 500 and Nasdaq have worst day in 3 weeks, 2nd largest drop this year
  • Major averages lose week’s gains following steep drop today
  • Materials, Energy sectors close down over 3 percent
  • Commodities hammered: Crude oil falls below $78, gasoline & silver settle at 52-week lows
  • Bank Ratings Scorecard

    Moody's Cuts Bank of America Ratings 1 Notch to Baa2 from Baa1

    Moody's Cuts JPMorgan Chase Rating 2 Notches to A2 from Aa3

    Moody's Downgrades Citigroup Rating 2 Notches to Baa2 from A3

    Moody's Downgrades Morgan Stanley Rating 2 Notches to Baa1 from A2

    Morgan Stanley Had Faced a Potential 3-Notch Downgrade

    Morgan Stanley: ratings still do not fully reflect the key strategic actions taken by bank

    Moody's Lowers Goldman Sachs Rating 2 Notches to A3 from A1

    The Word on the Street Tonight

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