Source : Reuters
Morgan Stanley said it will have to post another USD 6.52 billion in collateral to counterparties and clearinghouses if Moody’s follows through on a warning that it might cut the Wall Street bank’s long-term debt rating by up to three notches.
A one-notch downgrade by Moody’s would require USD 1.04 billion in additional collateral, and a two-notch downgrade would require USD 5.17 billion in additional collateral, Morgan Stanley said in its annual filing with the US Securities and Exchange Commission on Monday.
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