June 12: Credit Risk - Fitch Says US Subprime-Related Rating Impact on European Banks Will Be Minimal in the Future
Location: New York
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Date: Thursday, June 12, 2008
Fitch Ratings expects minimal further rating impact on European banks relating to US subprime exposure. Negative rating actions are possible should the performance of other asset classes deteriorate beyond the expectations of a normal economic downturn, according to analysts speaking at Fitch's Annual Global Banking Conferences in Europe this week.
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