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Moody’s cut ratings on 10 small- to mid-sized lenders by one notch and placed six banking giants on review for potential downgrades on Tuesday.The rating agency warned that the sector’s credit strength would likely be tested by funding risks and weaker profitability.
Investor looking to ride crest of Asia boom are not deterred by Japan’s stock market hitting a 33-year high and signs of slowing global growth. Japan’s Nikkei 225 has gained over 23% year-to-date, well ahead of the S&P 500 despite U.S. economic resilience.