NEW YORK (Dow Jones) – Credit rating agency Standard & Poor’s (S & P) has after the criticism of U.S. President Barack Obama to the The outlook for U.S. banks Citigroup and Bank of America "negative" from "stable" reduced. People were increased Uncertainty regarding the willingness of the U.S. government, systemic major banks additional exceptional assistance be allowed to obtain informed Standard & Poor’s Ratings Services on Tuesday with.
If the various legislative initiatives a reality be, S & P may change their method of analysis and the Probability of government support to systemically relevant Start low banks, writes the rating agency. They referred in in particular the proposed special charge of Obama with the banks for the costs of financial crisis in the wake of state aid granted should pay. The U.S. government wants it in ten years, about 90 billion USD . taking
Currently, the ratings were the Bank of America Corp. and Citigroup Inc, at three levels (notches) improved as the S & P considers that, in the two other banks in an emergency state support received. The ratings of both banks confirmed S & P.
The counterparty credit rating of the two banks is denominated in "A". S & P is uncertain whether the Bank of America and Citigroup in the next two years, a sufficient improvement of Results will be achieved, for their independent (stand-alone) rating to improve.
Website: www.standardandpoors.com -By Nathan Becker, Dow Jones Newswires +49 (0) 69 29725 104, unternehmen.de @ dowjones.com DJG / DJN / has / cbr Visit our website http://www.dowjones.de
(END) Dow Jones Newswires
February 09, 2010 10:40 ET (15:40 GMT)
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