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Moody's acts on 6 UK banks after sovereign downgrade

Oct 22, 2020 - SNL European Financials Daily

The rating agency took certain ratings actions on HSBC Bank, HSBC UK Bank, Lloyds Bank, Santander UK, Barclays Bank UK and National Westminster Bank, as well as other lenders.

Moody's took certain ratings actions on six U.K. banks, following its downgrade of the sovereign earlier in October.

The rating agency downgraded the long-term deposit ratings of HSBC Holdings PLC unit HSBC Bank PLC, Lloyds Banking Group PLC unit Lloyds Bank PLC and Banco Santander SA unit Santander UK PLC to A...