Standard & Poor's said late Tuesday it applied new ratings criteria to 37 big banks and their subsidiaries resulting in lower ratings across the board
Among large U.S. banks, Wells Fargo & Co had its rating lowered to A+ from AA
J.P. Morgan Chase & Co. and Goldman Sachs Group Inc. both had their A+ ratings cut to A, and Citigroup Inc. and Bank of America Corp. both had their A ratings cut to A-.
A number of European banks managed to hold onto their old ratings:
Banco Santander SA held onto its A-, Commerzbank AG its A, and Credit Suisse AG and Deutsche Bank AG retained their A+ ratings.
Earlier in the month, the ratings agency said it expected more than 90% of its new ratings would remain within one notch of the old rating under the new criteria.
S&P said it would hold teleconferences on Wednesday to discuss the new criteria and ratings actions.
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Nueva York, 29 nov (EFECOM).- La agencia de calificación de riesgo Standard & Poors anunció hoy que rebaja la nota que otorga a 37 grandes bancos de todo el mundo, incluidas las principales entidades financieras de Wall Street y las españolas BBVA y Santander.
Entre los afectados por la decisión de S&P están Bank of America, Citigroup, Goldman Sachs, Morgan Stanley y Wells Fargo, así como los españoles BBVA y sus filiales en México y EE.UU., y el Santander y sus filiales en Brasil, México y EE.UU.
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