Moody's Investors Service has warned it may cut BAA's credit ratings closer to junk if the UK airport operator is taken over in a £8.75bn (€12.6bn) deal by the consortium led by Spanish conglomerate Ferrovial.

The rating move affects £5.5bn of BAA debt, including convertible bonds.

Vivek Ahuja

Moody's Investors Service

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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America’s most powerful banker and the president have met twice in the past two months to talk about the economy, interest rates and trade.

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Robinhood Second-Quarter Revenue Rose on Transaction Sales Growth

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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