All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
FIGCovered Bonds

B&B can’t hold off Moody’s downgrade

In brief: Moody’s today (Friday) downgraded Bradford & Bingley’s covered bonds to Aa1 over concerns that the bank’s proposals for raising the level of protection offered in terms of both expected loss and timely payment fall short of what is necessary to retain a triple-A.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree