Moody's cut debt rating of 12 U.K. financial institutions

07 October 2011 @ 04:05 am EDT

Moody's Investors Service downgraded debt rating of 12 U.K. financial institutions due to the low chances that the British government would help these institutions over the medium to long-term in the case that they need support, where the downgrade does not mirror any deterioration in the efficiency of either the banking system or the government.

For more forex information, go to www.ecpulse.com

E-Newsletters

We value your privacy. Your email address will not be shared.