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Tuesday, November 06, 2007

Fitch Cuts Ratings on more Banks

by Calculated Risk on 11/06/2007 01:19:00 PM

From MarketWatch: Fitch cuts rating outlook of Wells Fargo, WaMu, Capital One

Fitch Ratings ... revised down Wells Fargo Co. and Capital One Financial Corp.'s outlook to stable from positive, and lowered Washington Mutual Inc.'s outlook to negative from stable. Fitch also removed Countrywide Financial Corp. from rating watch and assigned it a negative outlook.
Too many rating cuts, not enough time.