Analytics firm Moody's has downgraded the credit ratings for a number of small to mid-sized banks in the United States.
The entity also says it may downgrade some of that country's biggest lenders, as it warned that the financial sector's credit strength will likely be tested by funding risks and weaker profitability.
Moody's cut the ratings of 10 banks by one rung and placed six banking giants, including Bank of New York Mellon, US Bancorp, State Street, and Trust Financial, on review for potential downgrades.
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