Moody's bank rating upgrades infuriate market
Moody's has come under fire for upgrading up to 200 banks in a sweeping change to the way it rates financials.
Bank analysts roundly criticised the move, which conferred triple-A status on all three Icelandic banks, Kaupthing, Landsbanki and Glitnir, which were formerly rated A1, A2 and A1 respectively. By contrast, ABN Amro, which issues senior unsecured bonds with five times less yield than the
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