Tuesday, Feb 19, 2008
Bradford & Bingley on credit watch with negative implications
Mortgagestrategy: Standard &Poorss puts Bradford & Bingley on credit watch
Standard & Poor's has put Bradford & Bingley on credit watch with negative implications. The ratings agency says the credit watch on B&B’s A-1 short-term counterparty rating is due to rising impairments, potential margin pressure and further markdowns as well as continuing funding constraints. Nick Hill, credit analyst at S&P’s, says these factors “may not be consistent with the current rating”. Standard & Poor's has put Bradford & Bingley on credit watch with negative implications.
Posted by jack c @ 03:20 PM (340 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Debtfree said...
12 month chart for B&B looks drastic to say the least.
Its down over 60% from its high :o)
Oh well.