Moody's announces a number of regional bank downgrades

<p>Moody's came out with a slew of downgrades in a number of financial institutions. It will be curious to see the impact in the KRE regional bank index tomorrow. </p><ul><li>MOODY'S DOWNGRADES WEBSTER:<ul><li>Long-term issuer rating to BAA2 from BAA1</li><li>Outlook: Stable</li></ul></li><li>Moody's downgrades Associated Banc-Corp:<ul><li>Subordinate to Baa3 from Baa2</li><li>Outlook: Stable</li></ul></li><li>MOODY'S DOWNGRADES BOK FINANCIAL CORPORATION:<ul><li>Long-term issuer rating to BAA1 from A3</li><li>Outlook: Stable</li></ul></li><li>BRIEF-Moody's Downgrades Prosperity Bank's Ratings:<ul><li>Long-Term Deposits to A1 from Aa3</li><li>Outlook: Stable</li></ul></li><li>MOODY'S DOWNGRADES FULTON:<ul><li>Long-term issuer rating to BAA2 from BAA1</li><li>Outlook: Remains Negative</li></ul></li><li>MOODY'S DOWNGRADES PINNACLE FINANCIAL PARTNERS:<ul><li>Long-term issuer rating to BAA2 from BAA1</li><li>Outlook: Changed to Negative</li></ul></li><li>Moody's affirms University of Louisville Foundation's (KY) Rating:<ul><li>Baal rating</li><li>Outlook: Stable</li></ul></li><li>MOODY'S DOWNGRADES M&amp;T'S RATINGS ON:<ul><li>Senior Unsecured BAA1</li><li>Outlook: Stable</li></ul></li><li>BRIEF-Moody's Downgrades Old National's Long-Term Ratings:<ul><li>Senior Unsecured to Baal from A3</li><li>Outlook: Negative</li></ul></li><li>Moody's downgrades Amarillo National Bank:<ul><li>Issuer rating to Baa2 from Baal</li><li>Outlook: Stable</li></ul></li><li>Moody's downgrades M&amp;Ps ratings on:<ul><li>Senior unsecured Baal</li><li>Outlook: Stable</li></ul></li><li>Moody's downgrades Old National's long-term ratings:<ul><li>Senior unsecured to Baal from A3</li><li>Outlook: Negative</li></ul></li><li>Moody's downgrades Commerce:<ul><li>Long-term issuer rating to A3 from A2</li><li>Outlook: Stable</li></ul></li></ul>

This article was written by Greg Michalowski at www.forexlive.com.