Barclays, HSBC, RBS have ratings cut by S&P
Standard & Poor’s has downgraded a number of UK and European banks on Tuesday.
Banks
4,677.17
15:45 15/11/24
1.24%
57.25
Barclays
258.00p
15:45 15/11/24
0.55%
1.40p
Deutsche Bank AG
€16.06
17:30 15/11/24
0.96%
€0.15
DJ EURO STOXX 50
4,794.85
00:00 16/11/24
-0.80%
-38.68
FTSE 100
8,060.61
15:45 15/11/24
n/a
n/a
FTSE 350
4,453.56
15:45 15/11/24
n/a
n/a
FTSE All-Share
4,411.85
15:45 15/11/24
n/a
n/a
HSBC Holdings
717.50p
15:45 15/11/24
1.60%
11.30p
Lloyds Banking Group
56.12p
15:45 15/11/24
1.96%
1.08p
NATWEST GROUP
392.00p
15:45 15/11/24
0.31%
1.20p
Standard Chartered
944.80p
15:45 15/11/24
0.66%
6.20p
Xetra DAX
19,210.81
17:00 15/11/24
-0.27%
-52.89
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.