Moody's Cuts WaMu Senior Debt to Junk; Bank May Sell Branches, Deposits

Washington Mutual, which has long looked wobbly, is moving beyond the point where it can survive in its current form (cynics might say in any form) ... and equity markets remains severely constrained," Craig Emrick, a Moody's senior credit officer, said ... cut its credit rating to "BBB-minus," the same level as Standard & Poor's, and those agencies [more...]

Date: 2008-09-12 12:32:17

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