Moody’s Downgrades German Bank Debt

Moody’s Investors Service has downgraded €24 billion ($32.8 billion) in subordinated debt securities at German banks as proposed legislation would increase the risk of losses among debt holders.

  • 18 Feb 2011
Moody’s Investors Service has downgraded €24 billion ($32.8 billion) in subordinated debt securities at German banks as proposed legislation would increase the risk of losses among debt holders. BNP Paribas analysts stated in an investors’ note that the new legislation “materially reduces the likelihood of government support for ...

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1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

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1 Wells Fargo Securities 11,897.40 33 11.83%
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3 Citi 9,714.54 32 9.66%
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5 Credit Suisse 6,335.67 14 6.30%