Moody’s Cuts Ratings of U.K. Financial Institutions

Moody’s Investors Service cut the senior debt and deposit ratings of 12 U.K. financial institutions, concluding the government would be less likely to provide support for them if they became financially troubled. Moody’s also took rating action on nine Portuguese banks. Caroline Hyde reports on Bloomberg Television‘s “Countdown.” (Source: Bloomberg)

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Strange Random Banking Quote:

“In central banking as in diplomacy, style, conservative tailoring, and an easy association with the affluent count greatly and results far much less” – John Kenneth Galbraith

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Posted on October 7, 2011, in Video and tagged , , , , , , , , , . Bookmark the permalink. Leave a comment.

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