Rating agency Moody's gives Barclays a negative outlook
Friday 6th July 2012
Ratings agency Moody’s has changed the outlook on financial strength at Barclays to negative in the wake of the Libor fixing scandal. It had been ‘stable’.
Moody’s cited senior resignations at the bank and resulting uncertainty, and said that while a change in culture at Barclays was potentially positive over the longer term, it would have a negative impact on credit in the short term.
Moody’s said that a return to a ‘stable’ outlook rating is unlikely until a sound management structure is in place.
(0) Comments | Report Abuse
DISCLAIMER:The views contained in these user comments are not endorsed by Introducer Today(nor its associates and advertisers) in any way and are provided by users who wish to publish their independent opinions on our news.Whilst every effort is made to moderate these comments,due to the instant nature of the posting not all offensive material can be removed instantly.Please help us keep the comments areas tidy by reporting details of any infringements to email@example.com
Editorial Contact Details - Rosalind Renshaw