Chase Manhattan’s Credit Rating Lowered: Concern about...

Chase Manhattan’s Credit Rating Lowered: Concern about Chase Manhattan Corp.’s exposure to the nation’s shaky real estate market triggered the move by Moody’s Investors Service to downgrade by one notch about $7.6 billion of the long-term debt of the nation’s second-largest bank. The move comes on the heels of a similar downgrading of Citicorp, the nation’s largest bank, by Moody’s and Standard & Poor’s.