U.K. Covered Bonds Face Possible Downgrade

26 May 2011

Moody’s Investors Service has place 14 covered bonds issued by U.K. banks and building societies on review for possible downgrade.

Moody’s Investors Service has place 14 covered bonds issued by U.K. banks and building societies on review for possible downgrade. Included are bonds from Coventry Building Society, Co-operative Bank and Nationwide Building Society, among others. Moody’s says its action is not based on a deterioration of credit quality ...

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