REUTERS.COM: Moody's Investors Service cut the credit ratings of several German banks on Wednesday, citing increased risk of further shocks emanating from the euro zone debt crisis and their limited loss-absorption capacity.
"As a result, the long-term debt and deposit ratings for six groups and one German subsidiary of a foreign group have declined by one notch, while the ratings for one group were confirmed," it said. » | Reporting by Ian Chua; Editing by Paul Tait and Edwina Gibbs | Wednesday, June 06, 2012
