Moody’s To Review Subdebt Ratings Of 41 BanksMani
Moody's Investors Services announced today its decision to review for downgrade the subordinated debt ratings of 41 banking groups across eight banking systems in the Asia Pacific.
The credit rating agency said that its decision arose due to its recent change in its assumptions about the likelihood of government support for holders of subordinated debt (subdebt). The subsets rank after other types of debt if a company fails.
However the rating agency . . .
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