Friday, May 30, 2008
Stress tests say OK?
reuters: More UK bank rating pressure possible -Moody's
UK banks "MAY" face further pressure on their debt ratings this year as the credit crisis continues, Moody's Investors Service warned on Friday, although most institutions can "MANAGE" the downturn at current rating levels.
Moody's had said it had run stress tests on mortgage lenders' exposure to house price declines, and that as a result it did not expect the "quality of portfolios to deteriorate so much as to eat into core capital".
Lovely piece of Doublespeak. But really, who believes Moody's models?
Posted by mken @ 06:31 AM (87 views) Add 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.
No comments have been submitted.
Be the first person to add your comment by completing the form below.