Gas debt hit as banks lose government guarantees

The fading notion that the largest US finance companies are too big to fail led Moody's Investors Service to cut ratings on US$5.5 billion of bank-backed debt used to buy natural gas. Investors see the bonds as too cheap to pass up.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1369213/gas-debt-hit-banks-lose-government-guarantees