Market participants on Monday reported little immediate impact from Moody’s Investors Service’s $64 billion downgrade of bank-related municipal securities.

In February Moody’s put a range of large global banks on review for a downgrade and made the cuts on Thursday, following on Friday with the downgrade of associated municipal securities.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.