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The ratings agency cited "the challenges the bank faces to conserve liquidity and preserve its franchise".
Mr. Kraemer, 49, cited the challenges Baxter has faced during the last year as the reason for his departure.
He too cited the challenges of reconciling the intense pressure and scrutiny that the job would entail with his personal and family commitments.
Mr. DeWolfe, among others, cited the challenges in trying to unify a community spread across neighborhoods and cities from Santa Monica to Hollywood to Pasadena.
Mr. Raymond, a former chief executive of Exxon Mobil, cited the challenges of finding qualified board members who were not conflicted from serving, according to I.S.S. I.S.S. said that after its conversations with Mr. Raymond it concluded that any changes made since the 2012 trading loss were headed by management and not the board.
In announcing the ratings cut, Moody's cited the "challenges that subdued medium-term growth prospects pose to the government's fiscal consolidation programme, which will now extend well into the next parliament".
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The country's political leaders have often cited the challenge of balancing competing urban interests.
Business experts cite the challenges and high cost of doing business in China.
"As a woman and also as an Afghan, I have my concerns," she said, citing the challenges of maintaining security and women's rights.
Yesterday, however, Mr. Bloomberg's press secretary, Edward Skyler, released a statement citing "the challenges our country is facing" as the reason for postponing the trip.
In their patents, they cite the challenges of owning multiple, one-size-fits-all socks knitted in similar yarns and colors, or of living in a household where several people own lots of socks.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com