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May 13th, 2012 
FAKE NEWS for the Zionist agenda On Friday, JP Morgan’s long-term issuer default rating was cut by one notch from AA- to A+, while its short-term grade was lowered from F1 to F1+.
This comes a day after JP Morgan disclosed a surprise $2 billion loss.
“It [recent losses] also raises questions regarding JPM’s risk appetite, risk management framework, practices and oversight,” the agency said in a statement.
The agency also placed all parent and subsidiary long-term ratings on rating watch negative.
A number of other ratings of the bank have also been lowered and placed on review for possible further downgrades.
Standard Poor’s rating agency also downgraded its assessment of the bank on Friday.
On Thursday, JP Morgan’s stocks sank almost seven percent to just over $38 per share during after-hours trading, dragging down market shares throughout the entire banking sector.
Earlier financial reports emphasized that if nothing happened to reassure investors before the beginning of trading on Friday, the weakness would likely spill over into the cash market.
SZH/JR/MA
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