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UK banks being downgraded!!

UK banks being downgraded!!

Old May 27th 2011, 5:08 am
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Default UK banks being downgraded!!

I read today that a number of VERY big high street banks are on the brink of being downgraded by Moodys the credit rating agency..just when you thought it could not get worse!!!! Where will it end!!!!??
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Old May 28th 2011, 9:42 am
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Default Re: UK banks being downgraded!!

Well the big 4 NZ banks or rather Aussie as they are all Australian owned have been downgraded, so hopefully shouldn't have any negative impact on the UK.
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Old May 28th 2011, 10:59 pm
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Default Re: UK banks being downgraded!!

Originally Posted by chocolate cake View Post
Well the big 4 NZ banks or rather Aussie as they are all Australian owned have been downgraded, so hopefully shouldn't have any negative impact on the UK.
Thanks for that. Maybe its not as bad as it looks then..yeah right!!
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Old May 29th 2011, 6:45 am
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Default Re: UK banks being downgraded!!

Originally Posted by chocolate cake View Post
Well the big 4 NZ banks or rather Aussie as they are all Australian owned have been downgraded, so hopefully shouldn't have any negative impact on the UK.
Interesting. What's in store for the ole Kiwibank then?
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Old May 29th 2011, 7:25 am
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Default Re: UK banks being downgraded!!

The big four NZ banks were downgraded fro Aa2 rating to to Aa3, Kiwibank was already at Aa3. Kiwibank gets rated quite a bit higher than it ordinarily would, because it is supported by its parent company NZ Post and ultimately belongs to the Government.
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