Arab Today, arab today moody\s downgrades 12 british firms
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

Moody\'s downgrades 12 British firms

Arab Today, arab today

Arab Today, arab today Moody\'s downgrades 12 British firms

London - UPI

Creditworthiness ratings of 12 British financial firms, including Lloyds TBS, Nationwide, RBS and Santander-UK, were downgraded, Moody\'s said Friday. The downgrades were prompted by \"Moody\'s reassessment of the support environment in [Britain], which has resulted in the removal of systemic support for seven smaller institutions and the reduction of systemic support ... for five larger, more systemically important financial institutions,\" Moody\'s Investor Services said in a statement. Moody\'s said it believes the British government was less likely to support some firms if they experienced trouble, the BBC reported. The agency said the downgrades didn\'t \"reflect a deterioration in the financial strength of the banking system.\" Chancellor of the Exchequer George Osborne said one reason for the downgrades was because the government was viewed as \"trying to deal with the too-big-to-fail problem.\" \"One of the reasons they\'re doing this is because they think the British government is actually moving in the direction of trying to get away from guaranteeing all the largest banks in Britain,\" Osborne told the BBC. \"People ask me how are you going to avoid Britain and the British taxpayer bailing out banks in the future? This government is taking steps to do that.\" He expressed confidence that British banks were well-capitalized. \"They are not experiencing the kinds of problems that some of the banks in the eurozone are experiencing at the moment,\" Osborne said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today moody\s downgrades 12 british firms Arab Today, arab today moody\s downgrades 12 british firms

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today moody\s downgrades 12 british firms Arab Today, arab today moody\s downgrades 12 british firms

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday