Barclays credit rating outlook lowered by Moody's

04/07/2012

By Marcus Leach

The inter-bank rate-rigging scandal that has rocked Barclays has now seen the bank have their outlook lowered by rating agency Moody's.

Following the resignation of three senior board members this week Moody's has lowered the bank's outlook from stable to negative.

The agency said shareholder and political pressure was creating uncertainty about the bank's future.

"Although this could have potentially positive implications over the longer term, the uncertainty surrounding such a change in direction is credit negative in the short term," the agency said.

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