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S&P: European Banking Sector Faces Worse Ratings

Published: March 5, 2014; 19:32 · (Vindobona)

According to the rating agency, the public support for the European banking sector is essential in many cases. Without financial support, banks might be downgraded.

S&P: European Banking Sector Faces Worse Ratings / Picture: © Wikipedia / Magnus Manske

Last year, S&P has analyzed the U.S banking industry. Now, the rating agency focuses in the European banking sector.

A number of European banks might be downgraded at the end of April, S&P said. In the next few weeks, S&P will examine the European banking industry and the financial capacity of European states to grant further state aids. In the course of the…

This article includes a total of 222 words.

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