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News Explorer — Moody's Lowers US Bank Outlook, Crypto Assets Remain Stable

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Mar 15, 6:42 pm
Blockworks

Moody's Lowers US Bank Outlook, Crypto Assets Remain Stable

Moody’s Investors Service has lowered its outlook for all US banks from “stable” to “negative” and put six on watch for potential rating downgrades. This is due to the ongoing sell-off in US equities and the possibility of international contagion. Crypto assets have fared better, with Bitcoin and Ether up 21% and 14% respectively in the past week. Moody’s has not made any updates to crypto-related bond offerings since the Silicon Valley Bank was taken over by the FDIC.

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