Moodys, Fitch cut futures brokers ratings to junk.
By Matthew Leising and Zachary R. Mider, Bloomberg|October 28, 2011 at 05:35 AM|Originally published on Treasuryandrisk.Com
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MF Global Holdings Ltd., the futures broker run by Jon Corzine, drew down on its revolving credit lines this week as the firm reported its biggest quarterly loss and had its ratings cut to junk by Moody’s Investors Service and Fitch Ratings.