Barclays, HSBC, RBS have ratings cut by S&P
Standard & Poor’s has downgraded a number of UK and European banks on Tuesday.
Banks
4,055.33
10:40 26/04/24
0.77%
30.99
Barclays
202.25p
10:40 26/04/24
-0.86%
-1.75p
Deutsche Bank AG
€16.65
10:40 26/04/24
-0.05%
-€0.01
DJ EURO STOXX 50
4,939.01
23:59 25/04/24
-1.02%
-50.87
FTSE 100
8,118.09
10:40 26/04/24
n/a
n/a
FTSE 350
4,460.09
10:40 26/04/24
n/a
n/a
FTSE All-Share
4,413.52
10:40 26/04/24
n/a
n/a
HSBC Holdings
665.10p
10:40 26/04/24
0.48%
3.20p
Lloyds Banking Group
51.96p
10:40 26/04/24
1.48%
0.76p
NATWEST GROUP
303.90p
10:40 26/04/24
4.87%
14.10p
Standard Chartered
688.00p
10:40 26/04/24
0.76%
5.20p
Xetra DAX
18,049.54
10:40 26/04/24
0.74%
132.26
Barclays and Lloyds were lowered by two notches to ‘BBB’, while Royal Bank of Scotland was downgraded two notches to ‘BBB-‘ and S&P cut HSBC by a notch to ‘A’.
Standard Chartered was downgraded one level to ‘A-‘, while the rating agency warned Deutsche Bank that it was in danger to lose its 'A' rating, as the prospect of "extraordinary government support" appeared less likely, after bail-in legislations were recently approved.