Frankfurt am Main, August 01, 2014 -- Moody's Investors Service, ("Moody's") has today downgraded GlaxoSmithKline plc's (GSK) long-term issuer rating to A2 from A1. Concurrently Moody's has affirmed the group's short-term P-1 rating. The outlook on all ratings is stable. This rating action concludes our review process initiated on 23rd April 2014.

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