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Fitch warns it may be forced to downgrade multiple banks, including JPMorgan: Report

by Index Investing News
August 15, 2023
in Financial
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An analyst at Fitch Ratings warned that U.S. banks, including JPMorgan Chase, could be downgraded if the agency further cuts its assessment of the operating environment for the industry, according to a report from CNBC on Tuesday.

In June, Fitch lowered the score of the U.S. banking industry’s “operating environment” to AA- from AA. Image Courtesy: Reuters.





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