"This hard data confirms our view that, among the economic superpowers, the United States continues to win the Miss Universe crown for the “least ugly.”
After eight years of the biggest bank bailouts, the most money printing, and the lowest interest rates of all time, you’d think all of the world’s largest banks would be safe by now.
They’re deemed “too big to fail” and given government shelter from financial hurricanes, right?
They’re the first to receive fresh cash when funny money is injected into the economy, right?
Their single biggest cost — the cost of borrowing short-term funds — virtually disappears when interest rates are cut to zero, right?
And indeed, that’s what helps explain why America’s large banks are in much better shape today than they were during the Great Debt Crisis of 2008. But …
43.6% of Big Eurozone Banks
Are Stuck in the Danger Zone
Four times yearly, our separate Weiss Ratings subsidiary issues safety grades not only on thousands of U.S. banks, S&Ls and credit unions, but also on 286 large banks in 51 different countries all over the world.
Unlike Wall Street’s Big Three rating agencies (Standard & Poor’s, Moody’s and Fitch) …
We never accept payment or favors from any institution for its ratings.
We never supress publication of our ratings at a company’s request.
We never give companies a preview of their ratings prior to publication.
And we always issue the grades whether they like it or not.
This is why it’s widely recognized that only Weiss Ratings issues all its grades on all industries with no conflicts of interest.
It helps explain why The New York Times wrote Weiss was “the first to see the dangers and say so unambiguously.”
It’s why Barron’s published a feature story dedicated to Weiss Ratings with the headline “The Leader in Identifying Vulnerable Companies.”
It’s also why the U.S. General Accounting Office (GAO), the U.S. Congress, the SEC, the FDIC and multiple state governments have recognized Weiss Ratings in similar ways.
Our Safety Ratings scale is clear: A means excellent safety. B means good. C means fair. D is weak. And E is very weak. A plus sign means the upper third of each grade range; a minus sign means the lower third.
Here’s the key: According to the GAO, which studied our ratings in depth, any institution with a Weiss Safety Rating of D+ or lower is “vulnerable.”
I call it “the danger zone.”