Moody’s and the S&P Downgrades Barclays

“LONDON (AP) — Two leading credit rating agencies took steps Thursday toward downgradingBarclays in the wake of a trading scandal that’s seen three senior officials, including chief executiveBob Diamond, hand in their resignations.

Though both Moody’s and Standard & Poor’s maintained their ratings on the bank, they lowered their outlooks to ‘negative’ from ‘stable. That means that a downgrade of the actual rating is now more likely.”

Full article