JPMorgan Chase, NYMellon, Goldman Sachs, State St. Corp. debt ratings to be lowered.

[Dover]

Over the next 18 months, debt ratings of JPMorgan Chase & Co. (NYSE: JPM - News) and Bank of New York Mellon Corporation (NYSE: BK - News) might be lowered by Moody's Investors Service, the rating arm of Moody's Corp. (NYSE: MCO - News). According to the rating agency, both these banks might receive less government support for their bailout in the future, which would be the prime reason behind the possible rating cut.

Though the rating agency confirmed JPM’s senior debt rating at ‘Aa3’ and BK’s at ‘Aa2’, it imparted Negative outlook to both the banks. This, in turn, reflects that the ratings might be cut over the next 12–18 months. In July, the rating agency had put both these banks’ ratings under review for further downgrade.

Additionally, the rating agency stated that it affirmed the senior debt ratings of JPM and BK as it maintained its rating on the U.S. government at ‘Aaa’.

cont'dhttp://finance.yahoo.com/news/JPM-BK-Likely-to-Suffer-zacks-233397993.html?x=0&.v=1

[PoliticAverse]

1. Goldman Sachs lowered, why? Is there some doubt they'd be bailed out again if they needed to be ? nt

[jwirr]

2. You just hit the nail on the head. They want another round at the

bailouts. If I had anything to say about it they would not get another cent. However, it is plain we do not control the government so here we go again.