In spite of Morgan Stanley's strong first-quarter performance, the threat of a credit rating downgrade still hangs over the bank.
Investment banking giant Morgan Stanley was forced to post an additional $2.9 billion of collateral as a result of its downgrade by rating agency Moody's this June. That is lower than earlier estimates the company made, that pegged ... Read Post
Moody's has downgraded the credit ratings for notes issued by Goldman Sachs, JP Morgan, Morgan Stanley, and BNY Mellon, citing updated views of government support and issues within the banks themselves. The agency also lowered the s... Read Post
This might be partially why Wall Street is up in arms over Moody?s threat to downgrade all the banks. Morgan Stanley last night said it could face a whopping $7.2 billion in collateral to counterparties if it gets whacked by a credi... Read Post