Bradford & Bingley CB Program Loses AAA Status

The covered bond program set up by U.K. building society Bradford & Bingley has been downgraded to Aa1 from AAA by Moody’s Investors Service.

  • 26 Aug 2008
--Alex Sebastian

The covered bond program set up by U.K. building society Bradford & Bingley has been downgraded to Aa1 from AAA by Moody’s Investors Service. The action has been taken because the agency was not satisfied that the measures planned to improve protection offered to covered bond holders ...

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