BANKING

Fitch Ratings has warned that US banks, including JPMorgan Chase, could be downgraded if the agency further cuts its assessment of the operating environment for the industry. If Fitch were to lower its score to A+ from AA-, it would be forced to re-evaluate ratings on more than 70 US banks. This news follows Moody's downgrading 10 mid-sized US banks earlier this month and warning that it may cut ratings of several others.

from Banking/Finance-Industry-Economic Times https://ift.tt/6ohSnHb
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