Moody’s downgrades Newcastle after Principality
Rating action: Moody’s yesterday (Thursday) downgraded Newcastle Building Society from A2 to A3, after downgrading Principality Building Society similarly on Monday. The two institutions have both been working on covered bond programmes.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts