Morgan Stanley issues statement on Moody’s two-notch downgrade, ‘the ratings still do not fully reflect the key strategic actions we have taken’ (13.96 -0.24)
Co issued the following statement in reaction the Moody’s two-notch downgrade:
“While Moody’s revised ratings are better than its initial guidance of up to three notches, we believe the ratings still do not fully reflect the key strategic actions we have taken in recent years. However, their acknowledgment of our long-term partnership with MUFG as well as our industry-leading capital and liquidity highlight some of the transformative steps we have taken. With our de-risked balance sheet, stable sources of funding, diverse business mix and strong leadership team, we are well positioned to deliver for clients and shareholders.”
If you enjoy the content at iBankCoin, please follow us on Twitter
