Barclays debt may be rated as 'junk' after credit agency Moody's deals turnaround a hammer blow
A BLOW has been dealt to turnaround efforts at Barclays after credit agency
The agency said that Barclays' bonds are increasingly risky for investors and raised doubts about its ability to boost profits.
Analysts also highlighted the extra costs and disruption caused by having to comply with rules designed to make the UK system safer.
They cut the bank's credit rating to Baa3 – just one step above the rating given to high-risk 'junk' bonds.
and raised doubts about its ability to boost profits.
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