Moody’s might cut Barclays

Moody's Investors Service said it placed Barclays plc’s Baa2 long-term issuer and senior unsecured debt ratings, along with its Prime-3 short-term issuer ratings, on review for downgrade.

The baa2 standalone baseline credit assessment (BCA), the A1 long-term deposit and senior unsecured debt ratings, the Prime-1 short-term deposit ratings and the A1(cr) long-term counterparty risk assessment of the group's main operating entity Barclays Bank plc, were also placed on review for downgrade.

Barclays Bank's Prime-1(cr) short-term counterparty risk assessment was affirmed.

"The review for downgrade on Barclays reflects the group's ongoing credit weaknesses and likely impact of ring-fencing implementation, which have been the main drivers for the negative outlook since last September," Moody’s senior vice president Andrea Usai said in a news release.

© 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.