Washington Mutual's long-term credit rating downgraded at S&P

Story date: 2008-01-18 07:30:00
Added on: 2008-01-18 12:29:14

Forbes - ... Mutual Inc.'s long-term counterparty credit rating was downgraded by Standard & Poor's to BBB+ from A-, citing the mortgage lender ... credit cards units' contribution to consolidated earnings is not enough to mitigate the earnings volatility of the home ...


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