Royal Bank of Scotland rating downgraded on profit outlook

Source: WBP Online
© Scanpix/AFP
Credit rating agency Moody's Investors Service has downgraded Royal Bank of Scotland long-term rating to Baa1 on lower profit outlook. The RBS now has medium-grade rating with moderate credit risk. The British lender was downgraded after the credit agency reviewed the bank and received information that RBS might set aside nearly £3 billion to cover potential expenses.
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