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Signage is seen outside the Moody's Corporation headquarters in Manhattan, New York, U.S., November 12, 2021./File Photo Acquire Licensing RightsAug 7 (Reuters) - Moody's cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation's biggest lenders, warning that the sector's credit strength will likely be tested by funding risks and weaker profitability.Moody's cut the ratings of 10 banks by one notch and placed six banking giants, including Bank of New York Mellon (BK.N), US Bancorp (USB.N), State Street (STT.N)...

Aug 1 (Reuters) - Rating agency Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.Fitch had first flagged the possibility of a downgrade in May, then maintained that position in June after...

LONDON, June 27 (Reuters) - The real estate sector poses only a moderate systemic risk to most European banks, as they have only modest exposure to it in their loan books, although Sweden and Germany are outliers, S&P Global Ratings said in a report on Tuesday.In its 3Q23 credit conditions report, the ratings agency said the outlook for parts of the property market was poor, given that financing conditions in Europe are expected to keep tightening as central banks raise rates to tackle inflation."The outlook for key segments within European...

House Speaker Kevin McCarthy (R-CA) sits for debt limit talks with U.S. President Joe Biden in the Oval Office at the White House in Washington, U.S., May 22, 2023. REUTERS/Leah Millis/File PhotoNEW YORK, June 2 (Reuters) - While a U.S. default on its debt has been averted, the possibility of another credit rating downgrade remains, as 11th-hour debt ceiling negotiations have become an almost regular feature in recent U.S. history.The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling,...