Rebaixados 15 bancos europeus.
Credit Suisse, Barclays, Lloyds, Bk Scotland, RBS, HSBC, Ulster Bk.
Standard n Poor’s Ratings Services on Tuesday cut its credit ratings on several European banks, including Barclays PLC, Credit Suisse Group AG and HSBC Holdings PLC, citing a smaller likelihood of government support under new European Union legislation.
The ratings firm said it sees extraordinary government support as less predictable for banks in the U.K., Germany and Austria under recent implementation of the EU Bank Recovery and Resolution Directive. The resolution was adopted last April and outlined new rules for winding down failing banks. European policy makers have been working on a new system in hopes of preventing expensive government bailouts and the kind of market panic that followed previous bank failures. As part of its review of the systemically important banks in Europe, S&P said it sees uncertainty over how the legislation may work in practice at some of the banks as they work to build loss-absorbing buffers. Among the other banks to see their ratings cut were Lloyds Banking Group PLC, the Royal Bank of Scotland Group PLC and Standard Chartered PLC. S&P also put the banking units of several others on watch for downgrade.
