(LONDON TELEGRAPH) — The ratings agency Moody's is expected to downgrade some of Britain's biggest banks as early as this evening.
The move is expected as part of a broader credit downgrade of some of the world's major banks and could be delayed until after US markets close.
It is thought that British banks including Barclays, HSBC and Royal Bank of Scotland are facing a cut in their ratings by as much as two notches, reflecting the continued impact of the eurozone crisis on the global banking system.
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