Macquarie Group Limited
(ASX:MQG) today acknowledged Moody’s Investor Service has downgraded its credit ratings for Macquarie Bank and other Macquarie entities.
Macquarie Bank has gone from A1 to A2 long term and Macquarie Group is now at A3 from A2.
Moody's stated that the ratings actions "come as part of a global sector review of banks and securities firms with capital market operations."
Macquarie Group reported an interim net profit of $308 million in the six months to September 30, 2011.
