Posted inBUSINESS

Impending Risks : US Banking Giants, including JPMorgan, Face Ratings Reassessment

Amid economic fluctuations, Fitch Ratings lowered the “operating environment” score for the US banking sector in June. While individual lenders weren’t immediately downgraded, the concern now lies in the potential consequences of another downgrade to the industry’s score. Such a move could prompt a reevaluation of ratings for over 70 US banks, including financial giants […]