Morgan Stanley To Lose Billion If DowngradedVW Staff
Moody's has been threatening for some time now to downgrade banks in the US on their credit ratings. Today Morgan Stanley (NYSE:MS) revealed that if its credit rating was downgraded it would face huge costs. The company stated that a decisive move by the ratings agency would obligate the financial institution to $7.2 billion i collateral to counterparties. That figure is based on a downgrade of 3 places on the . . .
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