Moody's cut Barclays standalone rating to negative

Source: Marketwatch
Moody's has cut Barclay`s Bank PLC standalone financial strength rating on the C-/baa2 from stable to negative. The downgrade came after the UK government reduced Barclay`s A2 senior debt and deposit rating. Moody's says that shareholders' pressure may lead not only to resignation of the bank`s administration but also to changing the business model from investment banking.

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