Valuation update, page-2

S&P:

”...In May this year, S&P assumed a risk adjusted capital ratio of 9.5 per cent to 10 per cent for CYBG through to the end of 2021."The extra provision appears likely to reduce this projection down to around 9 per cent," the ratings agency said.Despite these changes, S&P said it did not expect to modify its credit ratings for CYBG...”

Market often shoots first, asks questions later.