Wednesday, September 24, 2008

B&B bcomes BBB- (Situation to watch tomorrow!)

B&B credit rating on the brink of “Junk”

Fitch Ratings yesterday downgraded the bank from BBB+ to BBB-, the lowest of the agency’s ten investment classes and only one notch above “speculative grade”, or in colloquial terms, “junk”.

Posted by whostolemyendowment @ 08:06 PM (480 views)
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