Moody's downgrades 15 banks, Morgan Stanley down two notches | Reuters

Moody's downgrades 15 banks, Morgan Stanley down two notches | Reuters: Reuters) - "Ratings agency Moody's downgraded 15 of the world's biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities, but banks criticized the move as backward looking".