[SeekAndFind]

FOR AMERICAN BANKS, HERE ARE THE MOODY’s DOWNGRADE RESULTS:

J.P. Morgan
New Rating: A2 (2 notches)
Previous Rating: Aa3
Moody’s guidance: Up to a two-notch downgrade
What the Banks said: J.P. Morgan said its costs could hit $3.45 billion for a two-notch downgrade.

Bank of America
New Rating: Baa2 (one notch)
Previous Rating: Baa1
Moody’s guidance: Up to a one-notch downgrade
What the bank said: Bank of America said a one-notch downgrade could deliver a $2.7 billion hit.

Citigroup
New Rating: Baa2 (2 notches)
Previous Rating: A3
Moody’s guidance: Up to a two-notch downgrade
What the bank said: Citi estimated that a hypothetical two-notch downgrade could deliver a $2.1 billion hit.

Goldman Sachs
New Rating: A3 (2 notches)
Previous Rating: A1
Moody’s guidance: Up to a two-notch downgrade
What the bank said: Goldman Sachs said its costs could hit $2.2 billion for a two-notch reduction

Morgan Stanley
New Rating: Baa1 (2 notches)
Previous Rating: A2
Moody’s guidance: Up to a three-notch downgrade
What the bank said: Morgan Stanley said it could pay as much as $9.6 billion for a three-notch downgrade by multiple rating agencies.

[OldEarlGray]

Citigroup
New Rating: Baa2 (2 notches)
Previous Rating: A3
Moody’s guidance: Up to a two-notch downgrade
What the bank said: Citi estimated that a hypothetical two-notch downgrade could deliver a $2.1 billion hit.

 

Couldn't happen to a nicer bunch of predators.

 

Got A$$Paper?

   

 

Plop Plop fiz fiz, Citidirtbags. 

[pgkdan]

Dow’s up 48 point as of 10 AM. Must have been a lot of mattresses off that cliff.