Moody’s puts HSBC and Barclays ratings on review for downgrade


Moody’s Investors Service, (Moody’s) placed the long-term ratings, the baseline credit assessment (BCA) and the long-term counterparty risk assessment (CRA) of HSBC Bank plc (HSBC Bank) on review for downgrade. The review for downgrade reflects Moody’s view of the likely impact on the bank of the UK’s so-called ring-fencing legislation.

Barclays Bank PLC’s baa2 standalone credit assessment, long- and short-term debt and deposit ratings also placed on review for downgrade

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