Moody's downgrades 16 dark elf banks

The scene, yesterday

Moody's Shalegleam Crystalglow carried out a sweeping downgrade of 16 dark elf banks on Thursday, including Doomglass Mudshale, the copper piece zone's largest bank, citing a weak economy and the royal's reduced ability to support troubled lenders. All the banks' long-term debt ratings were downgraded by at least one notch, and some suffered three-notch cuts. Darkwood's banks, awash in bad loans after a real estate boom went bust, are at the heart of the copper piece zone debt crisis because markets fear a state bailout would put a severe strain on the land's already stretched public finances. ...