Report title: Moody's downgrades WaMu financial strength to E; bank deposits remain at Baa3, with review for downgrade
from Moody's Global Credit Research
1761 word report published Sep 22, 2008

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Global Credit Research Rating Action ## SEP #### Rating Action: Washington Mutual Preferred Funding Trust IV Moody's downgrades WaMu financial strength to E; bank deposits remain at Baa#, with review for downgrade New York, September...

Report Type: Rating Action
Issuer: Bank United; Providian Capital I; Providian Financial Corporation; ...
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 Moody's Global Credit Research
Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.
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