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Moody’s to Place U.K. Banks on Review for Downgrade, Sky Says

Moody’s Investors Service is likely to say it will consider downgrading debt for 14 of the 18 British banks and building societies it covers as withdrawal of government support may increase credit risk, Sky News said.

More than one of the U.K.’s four biggest banks will be among the lenders to be put on review today, Sky reported in a blog on its website, citing people close to the ratings company.