{"id":26282,"date":"2011-11-30T09:36:38","date_gmt":"2011-11-30T14:36:38","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=26282"},"modified":"2011-11-30T09:36:38","modified_gmt":"2011-11-30T14:36:38","slug":"bofa-goldman-sachs-citigroup-credit-ratings-cut-by-sp","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2011\/bofa-goldman-sachs-citigroup-credit-ratings-cut-by-sp.html","title":{"rendered":"BofA, Goldman Sachs, Citigroup Credit Ratings Cut by S&#038;P"},"content":{"rendered":"<p>Bloomberg &#8211; Bank of America Corp. (BAC), Goldman Sachs Group Inc. (GS) and Citigroup Inc. had long-term credit grades reduced to A- from A by Standard &amp; Poor\u2019s after the ratings firm revised criteria for dozens of the world\u2019s biggest lenders.<\/p>\n<p>S&amp;P made the same cut to Morgan Stanley and Bank of America\u2019s Merrill Lynch unit today. JPMorgan Chase &amp; Co. (JPM) was reduced one level to A from A+. S&amp;P upgraded Bank of China Ltd. (3988) and China Construction Bank Corp. to A from A- and maintained the A rating on Industrial &amp; Commercial Bank of China Ltd. (1398), giving all three lenders higher grades than most big U.S. banks.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2011-11-29\/s-p-cuts-bank-of-america-citigroup-goldman-ratings-in-industry-revision.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Bank of America Corp. (BAC), Goldman Sachs Group Inc. (GS) and Citigroup Inc. had long-term credit grades reduced to A- from A by Standard &amp; Poor\u2019s after the ratings firm revised criteria for dozens of the world\u2019s biggest [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26282","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=26282"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26282\/revisions"}],"predecessor-version":[{"id":26283,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26282\/revisions\/26283"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=26282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=26282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=26282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}