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Fitch Ratings downgraded some of Morgan Stanley's credit ratings on Monday, despite the deal, because of weaknesses in its investment banking and prime brokerage units.
Nevertheless, in November, Moody's Investors Service downgraded some of Elan's debt and questioned the company's ability to pay off $1 billion in notes.
Standard & Poor's on Tuesday downgraded some of the world's largest financial institutions, another blow to an industry that continues to struggle three years after the darkest hours of the financial crisis.
"We think there is a strong bank here, but with a vulnerability, which is its sources of funding," said Matthew Taylor, an analyst at Fitch Ratings, which downgraded some of the bank's credit ratings Friday.
Standard & Poor's downgraded some of its credit ratings for Vlasic Foods International to default yesterday after Vlasic, the maker of pickles and Swanson frozen dinners, missed a $10.25 million interest payment.
Moody's was not impressed the bond-rating service promptly downgraded some of Cablevision's debt.
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On June 7th Moody's, a credit-rating agency, responded to the debt-financed deal by downgrading some of BAA's bonds to junk.
The credit rating agency Moody's spelled out a few facts last week when downgrading some of Four Seasons' classes of debt deep into junk territory.
Adjaye has made changes in an effort to stay within the budget, cutting back on floor space and ceiling height in a few places, and downgrading some of the interior finishes.
The credit ratings agency made its move four days after downgrading some of the world's biggest banks, including Bank of America, JP Morgan Chase and Goldman Sachs, reflecting concern over their exposure to the violent swings in global financial markets.
Asked if the handicappers had taken the right approach in downgrading some of the sport's greats, he replied: "I'm not a great judge of handicaps and how they work [but] I have no doubts about Frankel.
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