Thursday, Mar 27, 2008
The latest UK Banking blues
Mortgagestrategy: Fitch downgrades Alliance & Leicester
Fitch Ratings has downgraded Alliance & Leicester, saying the action reflects the lender’s weak access to funding compared with higher rated banks.
A&L’s long term issuer default rating was cut to A+ from AA- and the short term IDR to F1 from F1+.
Posted by jack c @ 05:17 PM (221 views) Add Comment
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