Moody's cuts Jordan, Lebanon, Pakistan, Ukraine banks

Moody's Investors Service said it lowered the standalone assessments of 13 banks in Jordan, Lebanon, Pakistan and Ukraine.

Today's rating actions are in the context of an ongoing global review affecting all banks whose standalone assessments are higher than the rating of the government where they are domiciled.

Moody's said the downward revision of the affected banks' standalone assessments reflects its opinion of the extent to which their creditworthiness is correlated with that of their domestic governments' credit strengths.

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