BB-, outlook negative
More grief for Bradford & Bingley. From the FT’s banking team, Peter Thal Larsen and Jane Croft: Bradford & Bingley 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,…
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