Moody’s acts on six global banks

Moody's Investors Service said it announced rating actions involving six securities industry affiliates of global investment banks following the Feb. 23 publication of its new securities industry market makers rating methodology, which now is the primary methodology that it uses to rate securities industry market makers globally except in jurisdictions where certain regulatory requirements must be fulfilled prior to the new methodology's implementation.

The ratings on the parent banks and other affiliates of these six firms are not subject to this methodology are not affected by this action.

The six affiliated firms include: Citigroup Global Markets Inc.; Goldman Sachs International; J.P. Morgan Securities, LLC; Morgan Stanley & Co. International plc; RBC Capital Markets, LLC; and SG Americas Securities LLC.

The long-term issuer rating for JPMorgan was downgraded to A1 from Aa3 due to a reduction in Moody's expectation for government support for senior unsecured creditors of JPMorgan, while all of its other ratings were affirmed.

All short- and long-term ratings for the other five firms were affirmed.

The outlooks for all six firms remain stable.

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