Moody's Investors Service on Monday cut its senior unsecured debt rating for Discover Financial Services into non-investment grade territory, citing risks the credit card company faces from the prolonged credit crunch and recession.
Moody's cuts Discover Financial debt ratingCourtesy Newsvine - business Mon, 06/01/2009 - 10:36
Moody's Investors Service on Monday cut its senior unsecured debt rating for Discover Financial Services into non-investment grade territory, citing risks the credit card company faces from the prolonged credit crunch and recession. Related itemsWall Street stocks stumble over Europe worries
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