Lloyds, RBS Among 14 U.K. Banks on Moody’s Downgrade Review
This article is for subscribers only.
Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc are among 14 U.K. lenders whose debt Moody’s Investors Service is considering downgrading because the withdrawal of government support may increase their credit risk.
Santander U.K. Plc and customer-owned lenders including Nationwide Building Society also had their debt ratings put on review for a possible downgrade, Moody’s said in a statement today. Lloyds and RBS and Santander U.K.’s debt is rated Aa3 and Nationwide’s Aa3/P-1 by Moody’s.