RBS Cut by Moody’s, Outlook Negative on Risks of Restructuring
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Royal Bank of Scotland Group Plc’s credit rating was downgraded by Moody’s Investors Service after the lender reported its biggest full-year loss since its bailout in 2008.
RBS was cut to Baa2, the second-lowest investment grade, from Baa1, and the outlook is negative, Moody’s said in a statement today. The bank’s credit rating had been on review since Feb. 12.