Moody's assigned a Baa2(hyb) rating to Close Brothers Group plc's high-trigger additional Tier 1 (AT1) notes
Moody's Investors Service has today assigned a Baa2(hyb) rating to the £200 million high trigger additional Tier 1 (AT1) notes issued by Close Brothers Group plc (CBG, A2 Stable). These perpetual non-cumulative AT1 securities rank pari passu with the most senior class of preference shares and seni...Close Brothers Group is a merchant banking group providing lending, deposit taking, wealth management services and securities trading. Co. has three divisions: Banking, which provides retail finance, commercial finance and property finance services; Securities, which comprises the Winterflood division which deals in securities in the U.K. and overseas, and trades with retail stockbrokers, wealth managers, platforms, institutional asset managers and other market counterparties; and Asset Management, which comprises the Close Brothers Asset Management business that provides financial advice and investment management services such as bespoke management, managed portfolios and funds.
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