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Tuesday 20th of April 2010

News Tag: South Africa

February 2, 2009

Barclays shares plunge as credit rating cut

by Kay Murchie
Shares in Barclays have plunged 9% to 96p this morning after Moody’s downgraded the bank’s long-term debt rating from Aa1 to Aa3, while its financial strength rating was cut from B to C. Moody’s said it expects the bank to announce considerable further losses on credit related write-downs. Barclays stock has been hit hard over the last month with shares falling 31% ...