Hot News: Standard Chartered, Deutsche, Barclays, RBS and Commerzbank Downgraded by Standard & Poors

Major Bank going slumped, Standard & Poors rating release their new rating, Deutsche Bank, Barclays Bank and the Royal Bank of Scotland were among a handful of European banks downgraded on Tuesday by Standard & Poor's, amid concern that state support in a crisis is now 'uncertain'. especially pre financial crisis in European Zone Economic

Standard and Poors Analysts with the rating agency warned that it was unclear what support even systematically important financial institutions in the UK and Germany would receive, following the recent implementation of the European Union's Bank Recovery and Resolution Directive.

Financial crisis and uncertain condition about Eurozone economic and Greece debt talks bring the Bank downgraded, S&P lowered the counterparty credit rating of Barclays Bank one notch to 'A-', with Deutsche Bank and RBS cut to 'BBB+' from 'A' and 'A-', respectively. ** , These The downgrades mainly affected the operating units of the banks, with Barclays PLC — the holding company of the namesake group — retaining its 'BBB' rating. The same held true for RBS, with the Royal Bank of Scotland Group PLC's 'BBB-' affirmed. Analysts with S&P said: "While we do not rule out the possibility that systemic banks in these countries might receive extraordinary government support, we see the predictability of such support as having materially reduced to the point that we regard it as being "uncertain".

The domino effect about this new rating, as part of its action, S&P downgraded Commerzbank to 'BBB+' from 'A-' and Unicredit to 'BBB' from 'A-'. Ratings on Standard Chartered Bank, Lloyds Bank, HSBC Bank and Santander UK were affirmed. The outlook on Barclays, Deutsche Bank and RBS is now stable, while that on Commerzbank and Unicredit are negative.