Credit Rating

Credit Ratings for Seven German Banks Downgraded

Programs:   |   Category:   |   Tags: , ,

On Wednesday, the international agency Moody’s downgraded the credit rating for seven German financial institutions. Commerzbank AG, Germany’s second largest bank, stands among the downgraded financial institutions. Some experts contend that the nation’s largest bank, Deutsche Bank, will also soon face a downgrade in its credit rating. Despite the strength of the… Read more >