Barclays Bank credit rating cut by Moody’s
Monday, February 2, 2009 An international credit ratings agency has downgraded the creditworthiness of British bank Barclays LSE: BARC The bank’s shares fell on the news that Moody’s had cut long-term debt ratings from “Aa1” to “Aa3” on the back of fears of nationalization, significant losses and write downs of more bad loans as the recession bites.…