Lloyds facing ratings downgrade from Moody's

The credit ratings agency Moody's has fired a warning shot across the bows of Lloyds Banking Group by threatening to downgrade its A1 unsecured debt rating.

The credit ratings agency Moody's has fired a warning shot across the bows of Lloyds Banking Group by threatening to downgrade its A1 unsecured debt rating.

Moody's says "the review has been prompted by the significant upheaval within Lloyds' senior management , following the announcement that the current CEO, Antnio Horta-Osrio, has had to take a temporary leave of absence."

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