Credit-Rating Downgrades Suggest Problems for the US Banking Sector Are Far from Over
The US banking sector had a bad month in August, with several banks receiving downgrades from credit-rating agencies, capping off weeks of consternation about the sector’s profitability and vulnerability after a series of large bank failures early in 2023. Most banks are seen as stable, but the downgrades portend trouble ahead for some.
Source: internationalbanker.com