Barclays among six global banks downgraded by Fitch

Long-term issuer default ratings for Barclays, Deutsche Bank and Credit Suisse were downgraded to A from AA- while BNP Paribas fell to A+ from AA-. Bank of America and Goldman Sachs were cut to A from A+. In a statement, Fitch said the banks "are particularly sensitive to the increased challenges the financial markets face". The downgrades "reflected challenges faced by the sector as a whole, rather than negative developments in idiosyncratic fundamental creditworthiness," Fitch added. The credit ratings of the world's most powerful lenders have come under the microscope amid we...