15 MAJOR INVESTMENT BANKS SEE RATINGS CUT BY MOODY'S /CNBC – Mary Thompson & Margaret Popper: “Moody’s Investors Service downgraded the debt ratings of 15 major international banks and securities firms on Thursday, a move that could cost the banks billions of dollars in extra collateral. … All the ratings cuts for the US banks were expected, except for Morgan Stanley , whom some thought would be cut three notches instead of two. The ratings agency said that the banks were downgraded because their long-term prospects for profitability and growth are shrinking. The ratings agency said it was especially concerned about banks with significant capital market activities during a time of increased volatility in markets."
MORGAN STANLEY SCREAMING BUY: PRO /CNBC – Lee Brodie: “Even after a two notch downgrade from Moody’s, top money manager Charlie Bobrinskoy says Morgan Stanley is a screaming buy. Bobrinskoy, who is vice chairman & portfolio manager at Ariel Investments thinks the market is pricing too much pessimism. “There’s no doubt the business is challenged," he admits. "Volumes are down and risk appetite is down – but that’s a short term phenomenon.”Page 2 of 8 | Prev Page | Next Page