Moody's cuts B&B covered bonds to A1
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Covered Bonds

Moody's cuts B&B covered bonds to A1

In brief: Moody's today (Wednesday) downgraded Bradford & Bingley's covered bonds from Aa1 to A1. The bonds remain on review for further downgrade, but Moody's is considering enhancements that B&B is expected to make to its covered bond programme.

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