Lloyds shares plunge further as credit rating cut

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Lloyds shares plunge further as credit rating cut

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02-17-2009, 09:16 AM

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Lloyds shares plunge further as credit rating cut

Moody’s, the ratings agency, has downgraded Lloyds Banking Group’s bank deposit and senior debt ratings sending its shares plummeting even further. Moody’s has cut Lloyds Aaa rating to Aa3, which brings it into line with RBS and Barclays. Yesterday, shares in the bank fell amid speculation that the Government may be forced to inject more money [...]

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