A Ratings Downgrade Trifecta for Credit Suisse: The third major rating agency follows S&P and Moody's in downgrading Credit Suisse in the wake of poor second-quarter results and a renewed strategic review. Fitch downgrade CreditSuisse
The third major rating agency follows S&P and Moody's in downgrading Credit Suisse in the wake of poor second-quarter results and a renewed strategic review.
The downgrade follows Credit Suisse's announcement of a renewed strategic review and weak second-quarter results. Credit Suisse said it would give details of its strategic review along with its third quarter results. Fitch and the other rating agencies and at least one banking analyst are not waiting to see. As finews.com reported, the announcement of the review was rather vague.
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