|Bid||0.00 x 0|
|Ask||150.00 x 0|
|Day's Range||136.15 - 139.95|
|52 Week Range||102.25 - 262.20|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.03 (2.25%)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Clydesdale Bank PLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service ("Moody's") today withdrew all ratings of Virgin Money Holdings (UK) PLC (VMH) and Virgin Money PLC (VM). A full list of affected ratings can be found at the end of this press release.
The midcap FTSE 250 rose 3.5%, its best single-day percentage gain in more than three years, as European leaders indicated there was progress toward reaching an agreed deal with the U.K. on leaving the European Union. The European Union says it has agreed with the United Kingdom to "intensify" Brexit negotiations in a belated attempt to reach a divorce deal ahead of Oct. 31. A number of FTSE 250 components sported double-digit gains, including bank CYBG , building materials distributor Grafton Group and home improvement retailer Travis Perkins . The FTSE 100 however saw much smaller gains, of just 0.7%, because many of those components record revenue in dollars.
Moody's Investors Service ("Moody's") today assigned and affirmed ratings to the GBP10 billion Global Medium Term Note (GMTN) programme of Clydesdale Bank PLC (Clydesdale) and its holding company CYBG PLC (CYBG) dated 1 July 2019. For Clydesdale, Moody's assigned the following ratings: (P)Baa1 long-term senior unsecured, (P)Baa3 subordinate, and (P)Prime-2 short-term.
Shares of CYBG , the bank holding company for Clydesdale Bank, Yorkshire Bank and Virgin Money UK, plunged nearly 20% after it increased its provisions for legacy PPI costs by between £300 million and £450 million ($550 million). CYBG reported an "unprecedented volume" of information requests in advance of the PPI complaint deadline on Aug. 29. U.K. banks have had to compensate people who bought often-worthless insurance.
Moody's Investors Service ("Moody's") today assigned a Ba2(hyb) rating to the GBP250 million high-trigger Additional Tier 1 (AT1) securities 'Fixed Rate Reset Perpetual Subordinated Contingent Convertible Notes' (ISIN XS1959441640) issued by to CYBG PLC (CYBG), based on the final prospectus dated 11 March 2019.
Rating Action: Moody's assigns Baa3/ Prime-3 ratings to CYBG's Global Medium Term Note Programme. Global Credit Research- 29 Jan 2019. London, 29 January 2019-- Moody's Investors Service today assigned ...