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Real Estate & Property Law

: Housing Wire

Moody?s Downgrades BofA, Wells Fargo

By PAUL JACKSON

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It turns out that, for now at least, acquiring ailing financial institutions will carry some ratings risk — Moody’s Investors Service on Thursday said it had downgraded key credit ratings at both Bank of America Corp. (BAC: 13.48 -1.68%) and Wells Fargo & Co. (WFC: 25.58 -1.12%), after both banks completed sizable acquisitions in recent [...]

Full post as published by Housing Wire on January 08, 2009 (boomark / email).

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