NAB's UK bank downgraded

Clydesdale Bank lowers long-term bank deposit and senior debt rating to Baa2, from A2

Ratings agency Moody's has downgraded the credit rating of National Australia Bank's (NAB) troubled UK subsidiary Clydesdale Bank.

Moody's downgraded the long-term bank deposit and senior debt rating of Clydesdale to Baa2, from A2.


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