London, 05 December 2014 -- Moody's Investors Service has downgraded the long-term Corporate Family Rating of ICAP plc (to Baa3 from Baa2) and Tullett Prebon plc (to Ba1 from Baa3). The ratings outlook remains negative for both interdealer broker (IDB) firms, reflecting the risk of further deterioration of credit metrics due to continuing revenue and margin pressures, as well as the potential risk of conduct charges that each may face separately.
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