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Moody's downgrades 12 U.K. lenders

LONDON (MarketWatch)
Moody's Investors Service on Friday downgraded the senior debt rating of 12 U.K. financial institutions, including units of Lloyds Banking Group PLC  and Royal Bank of Scotland Group PLC  as well as the U.K. arm of Banco Santander
The rating agency said the downgrades reflect a decrease in the probability that the U.K. government would provide future support to financial institutions if they need it.
Moody's downgraded Lloyds TSB Bank and Santander U.K. PLC by one notch to A1 from Aa3 and also cut RBS PLC and Nationwide Building Society by two notches to A2 from Aa3.
The rating agency also downgraded Co-Operative Bank PLC and seven smaller building societies.
Posted by geniopolis.net at viernes, octubre 07, 2011

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