BofA, Citigroup Among Banks That May Be Lowered by Moody’s

Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. may be downgraded by Moody’s Investors Service as the rating firm reviews whether the government will limit its support of the largest financial firms.

Ever since the financial crisis, ratings for the banks have been boosted by an assumption that the U.S. would provide extra support if the lenders got into trouble again, the ratings firm said in a statement today. A review by Moody’s will “focus on whether these ratings should be adjusted to remove this unusual uplift and include only pre-crisis levels of government support.”