Thursday, February 16, 2012

RTRS-Moody's may downgrade 114 banks from 16 European nations

Feb 16 (Reuters) - Moody's said it was taking ratings actions on 114 financial institutions in 16 European countries to reflect the impact of the continent's debt crisis and the deteriorating creditworthiness of governments in the region.

"Moody's expects that once ratings will fully reflect the effects of currently foreseen adverse credit drivers," the agency said.

Moody's said that for 99 financial institutions, the standalone credit assessments have been placed on review for downgrade. For 109 institutions, the long-term debt and deposit ratings have been placed on review for downgrade.

Feb 16 (Reuters) - Moody's Investor service warned on Thursday it could downgrade the credit ratings of 17 global banks and securities firms due to more fragile funding conditions, increased regulatory burdens and a more difficult operation environment.

Moody's said it is reviewing the long-term ratings and standalone credit assessments of Bank of America , Citigroup , Goldman Sachs , JPMorgan Chase , Morgan Stanley and Royal Bank of Canada .

The long-term ratings and standalone credit review of European banks include Barclays , BNP Paribas , Credit Agricole , Deutsche Bank , HSBC , Royal Bank of Scotland , Societe Generale .

Moody's said it was extending the reviews of the long-term ratings and standalone credit assessments of Credit Suisse , Macquarie , Nomura <8604.T> and UBS .