Insurances & Business

News Economy Business Investment Banks Credits

Countrywide Said Junk Rating Would Hobble Business

NEW YORK (Reuters) - Even as it prepares to be acquired by
Bank of America Corp <BAC.N>, Countrywide Financial Corp’s
<CFC.N> descent to a “junk” credit rating could hinder its
ability to make loans and collect deposits, the mortgage
company has warned.

Leave a Reply »»

Similar/Related/News: