Monday February 17, 2020

Barclays credit rating cut over "political pressures"

Credit ratings agency Moody’s has cut the outlook on the standalone bank financial strength of Barclays following the resignations of its three most senior executives.

5th July, 2012
Moody's is concerned about the impact of the ongoing troubles at Barclays Bank.

Credit ratings agency Moody’s has cut the outlook on the standalone bank financial strength of Barclays following the resignations of its three most senior executives.

The ratings company cut the outlook to negative from stable, according to a statement today. The bank’s A2 senior debt rating remains unchanged, Moody’s said. Yesterday, former chief executive Bob Diamond, who resigned last week, was forced to appear in front of a British Parliamentary committee to explain...

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