A sign for Silicon Valley Bank is seen in Menlo Park, California U.S., March 10, 2023. REUTERS/Michaela Vatchevaand its bank subsidiary, Silicon Valley Bank.
Moody's slashed its credit ratings on Silicon Valley Bank's long-term local currency bank deposit to Caa2 from A1 and issuer ratings to C from Baa1. S&P Global earlier today slashed credit ratings on SVB Financial Group and Silicon Valley Bank to junk territory and said that it expects SVB Financial to enter bankruptcy.
silvergate SVB svb_financial Nifty NiftyBank Moody's is just in time to save its a$$.
Moody's is a paid shill. During the financial crisis of 2008 it lied to investors and said all the big banks and insurance companies were rated AAA, just before they dropped by 60%.
Moody’s is ON IT.
😐…a wee bit late
Reuters is so on top of the news, it’s amazing
Bit late to the party...
No shit MoodysInvSvc they’re in receivership
They should stick to topics like water is wet… what a joke
No bail outs
Wonder why? 🤔🤔
河南省联社还钱
Well that certainly helped tremendously.
NoShit
Is this parody? 🤡
Horse, barn door.
Moody's has always been a very very lagging advised us all the big banks were of AAA rating just before the Financial Crisis in 2008. They were sued for their lies.
No kidding
Duh? Duh. DUH? DUH!!!
Thanks for the heads up, Moody's
Bit late 😅😂
Just in time lol
As always. This is the path to failure.