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 . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.