Lloyds Banking Group plc (LON:LLOY) and Royal Bank of Scotland Group plc (LON:RBS) are set to be downgraded

Lloyds Banking Group plc (LON:LLOY) and Royal Bank of Scotland Group plc (LON:RBS) are set to be downgraded as the latest gust from the Eurozone crisis blows through the UK. RELATED ARTICLES M&S banking partnership with HSBC announced, new threat to Lloyds Bank Lloyds Banking Group plc makes board appointments RBS warn on 'serious cash-flow problems' for business over Queen's Jub Lloyds Banking Group, Barclays plc get behind dairy farmer cooperative RBS, Lloyds Banking Group plc shares: Two long term cash-cows, but on Moody's is expected to issue the ratings downgrade to the tune of two notches. The Times reports that RBS and Lloyds Banking are likely to have to pay more money to borrow money. Despite the looming downgrades, the Lloyds share price and RBS share price are both sharply higher courtesy of the weekend bailout of the Spanish banking sector.