Friday, February 1, 2008

Lets get those covert Bank resue plans up and running ASAP

Alliance & Leicester credit rating on the line

Alliance & Leicester’s credit rating is being closely monitored as it struggles to secure funding. Standard & Poor’s, the independent credit rating provider, has placed the bank’s A+ long-term counterparty credit rating on CreditWatch with negative implications, concluding that a swift return to normal funding looks "increasingly unlikely".

Posted by jack c @ 03:24 PM (522 views)
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2 thoughts on “Lets get those covert Bank resue plans up and running ASAP

  • Simple, A&L will need to raise its savings rates to attract more investment and raise its mortgage rates accordingly. Any repossessions should be swifly sold at auction to recover most of the debt.

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  • Northern rock 2!!

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