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Barclays Rating Outlook Downgraded to ‘Negative’

Posted July 5th, 2012 at 4:30 pm (UTC-5)
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Two leading credit rating agencies have downgraded Britain’s Barclays bank in the aftermath of an interest rate rigging scandal that cost its chairman and two top executives their jobs. Both Moody’s Investors Service and Standard & Poor’s on Thursday changed their outlook of the bank’s financial stability from “stable” to “negative.” The financial services firms […]

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