In spite of Morgan Stanley's strong first-quarter performance, the threat of a credit rating downgrade still hangs over the bank.
Moody's announced that it may soon downgrade the long-term credit ratings of 17 of the largest banks in the world. "Capital markets firms are confronting evolving challenges, such as more fragile funding conditions, wider credit spr... Read Post
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
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