Moody's may cut rating for Credit Suisse

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Source: Bloomberg
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Moody's Investors Service is considering downgrading Credit Suisse Group AG's credit rating as the bank reported loss and revenue at the wealth management dropped. Moody's set Credit Suisse's Aa1 and Aa2 ratings on assessment for a reduction. On November 1 Credit Suisse announced it will reduce nearly 1500 jobs and review its securities after reporting quarterly loss.

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Tue, 15 Nov 2011 08:15:40 GMT

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