Morgan Stanley says it will need an extra $7.2 billion of securities and other collateral if it’s downgraded by Standard & Poor’s and Moody’s, more than a 50% increase from its last estimate, $4.7 billion.
In February, Moody’s put the bank and others on review for a downgrade, and S&P downgraded Morgan Stanley in November to A-. If Moody’s does downgrade the bank, it will change to BBB status.
Read more at the Financial Times.
Originally published on Advisor.ca
