Sunday, March 23, 2008

B&B attracts £1.3bn savers money while BTLetters fall back with repayments

B&B hit by rating cut from Moody’s

Do we live in cokoo-land? Moody’s praised B&B for continuing to access funding through the tough market conditions, and for attracting an additional £1.3 billion of savers’ money in the first two months of the year. the bank has seen customer arrears jump by between 40% and 50% since December. B&B’s “bank financial strength rating” (BFSR) has been cut by the agency from C+ to C, with warnings of further downgrades to come. This is deep junk!

Posted by confused76 @ 10:29 AM (546 views)
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