FT: Bradford & Bingley braces for credit downgrade
FT: Bradford & Bingley braces for credit downgrade Buy ToiLet lender B&B is braced for a further setback after Moody’s, the rating agency, indicated it was preparing to cut the ailing mortgage lender’s credit rating.
Moody’s, which has been reviewing B&B’s credit ratings ever since it issued a profit warning last month, has decided to lower the bank’s main ratings by a single notch, people familiar with the matter said. An announcement could be made later on Thursday.
Original post by who stole my pension?
