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Sybil13

Does Anyone Know Moodys Downgrade For Brittania?

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Does anyone know what Moodys downgrade of Britannia was back in April?

I have searched the internet , can find A&L / Abbey / Nationwide but not Brittania?

Does anyone know how this merger with the Co-op will work? I thought it had happened but looks like it is happening over 3 years. Thanks :(

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Britannia, Newcastle, Norwich and Peterborough, Principality, Skipton, and Yorkshire building societies were all downgraded from ratings in the C band to the riskier D band.

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"C" sounds pretty bad to start with.

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"C" sounds pretty bad to start with.

A&L went to an E from C , and Britannia you say went to a D from C, so does merging with the Co-op mean nothing?

I really don't know where to put my money now to be honest. Moodys are supposed to be downgrading Tesco's , if Britannia is as people say "junk status" it doesn't hold out much hope for the rest of the building societies does it? The 3 that Fitch didn't downgrade last year were all downgraded by Moodys. I have been trying to move my money for months but every time I put in an application somewhere I hear more dire news about them too. Done my limit in Nationwide, had thought Tesco's and Brittania, as Britannia is the 2nd largest and with their upcoming merger with the Co-op but not sure about either now.

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HSBC? Aren't they one of the "least worst"?

Been trawling through articles and ratings websites its quite depressing.

I thought Co-ops ETHICAL status saw "savers flocking" last year, but Moodys have them at C minus with a possible downgrade and outlook negative due to its merger with Britannia .

And as you say, Britannia at D minus with a negative outlook

Doesn't feel like the best bet to be honest, yet why would Co-op take on Britannia if it was going to take them both down?

Was going to go for Leeds a few months ago, filled in the application form . Wasn't downgraded by Moodys or Fitch , is a C+ with Moodys same as HSBC but from what I can remember Leeds actually had an instant access that paid some interest whilst HSBC was something like 0.5% . Anyone got any opinions on Leeds?

Someone yesterday on the House Price Forum re -deflation said to another poster that people with savings could do quite well as long as they had their savings in a bank / building soc that was safe, but who is? C+ from Moodys looks good, given that D is apparently "junk status" , is that the best we can get these days?

Anyone any opinions on Ing? No UK compensation which feels worrying, anyone know how the Dutch economy is going?

Was going to put money in Tesco but read last week they are in trouble due to risky expansion overseas and share prices tumbling or something.

Edited by Sybil13

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Yes all very worrying as to where to store cash for safety now.

I am beginning to wonder if I should just stick to the government backed ones, incase of the worst scenario. :unsure:

Which just leaves NSI and NR, paying around 2%.

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