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Archive Home > 2009 > June > 18 > Standard & Poor’s cuts ratings on 18 banks

Standard & Poor’s cuts ratings on 18 banks


June 18, 2009

NEW YORK — Credit ratings agency Standard & Poor’s on Wednesday cut ratings on 18 banks amid concern about further weakening in the financial sector.

S&P said the changes reflected its assessment that volatility will remain in the financial sector and the industry is....

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