Moody’s Downgrades U.K. Building Societies

Moody’s Investors Service has slashed ratings on a slew of U.K. building societies due to higher than expected credit losses.

  • 16 Apr 2009
Moody’s Investors Service has slashed ratings on a slew of U.K. building societies due to higher than expected credit losses. Coventry Building Society, Britannia Building Society, Nationwide Building Society and Newcastle Building Society are among those affected, according to Mortgage Strategy. Alan Cleary, managing director of Exact, said ...

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