DBRS might downgrade Co-operative

DBRS said it placed Co-operative Bank plc under review with negative implications, including its BB long-term debt rating, following the March 24 announcement that the bank's 2013 year-end capital ratios will be lower than previously expected and that the bank needs to raise a further £400 million of equity.

The review will focus primarily on the proposed capital raise and its implications for the bank's future financial flexibility, the agency said.

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