Moody’s Said to Delay Bank Downgrades Amid Crisis, JPMorgan

Moody’s Investors Service is delaying ratings downgrades on more than 100 banks as it assesses the effect of JPMorgan Chase & Co.’s trading losses and a greater possibility of a euro breakup, a Moody’s official said.

The Moody’s official declined to be identified as he wasn’t authorized to comment publicly. Moody’s said on April 13 that it would begin downgrading banks, including BNP Paribas SA, France’s biggest lender, Germany’s Deutsche Bank AG and New York-based JPMorgan and Morgan Stanley, by early May.