Loading...
Loading...
Standard & Poor's has lowered credit ratings on Dow component Bank of America
BAC and Citigroup
C to A- from A.
The A level is still investment grade and implies "strong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances," according to the S&P Web site.
A plus or minus sign is used to show relative standing within the major rating categories. BofA plunged more than 3% today while Citi closed modestly higher.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorNewsBondsDowngradesEventsAfter-Hours CenterMarketsAnalyst RatingsTrading Ideas
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in