Moody’s could lift Clydesdale Bank

Moody's Investors Service said it placed Clydesdale Bank plc’s Baa2 long-term deposit ratings, baa3 standalone baseline credit assessment and baa3 adjusted BCA on review for upgrade.

The agency also placed the bank's A3(cr) long-term counterparty risk assessment and the Ba1 rating of the subordinated debt of holding company CYBG plc on review for upgrade.

Moody’s said the review of Clydesdale's BCA will focus on progress in the execution of the bank's strategic plan as well as the extent to which enhancements in management, risk and control frameworks and processes have been embedded.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.