20 April 2007

On Friday 20 April Moody’s Investor Services upgraded Close Brothers Limited’s long term credit rating from A3 to A2 and its short term rating from P-2 to P-1, the highest short term rating allocated by Moody’s.  The upgrade reflects: “the diversified and autonomous nature of the bank’s businesses…its strong financial performance compared to similarly rated peers, its healthy operating margins and its improved funding profile.”