LONDON Breaking News: Moody's Places UK Bank RBS's Debt Ratings Under Review

wochit news
July 05, 2013 AT 2:35 PM
Ratings agency Moody's has placed Royal Bank of Scotland's credit ratings on review for downgrade after Britain's finance ministry said it was considering breaking up the bank. The government, which holds an 81 percent stake, has appointed Rothschild to examine whether to transfer RBS's remaining toxic loans into a so-called 'bad bank' leaving the 'good bank' better placed to lend.