Moody's lowered the rating of the five largest banks - voila! Of money. Moody's explains in its reasoning that the downgrade is related to the fear of the state's ability to support banks in a time of need.
Despite this, Moody's believes that in times of need the government will support the bank groups due to their high importance and long-standing practice. In the event of an escalation, there is a fear that "the damage to the banks will be more severe than we see today"