Tag: rating agency

Moody’s could cut ratings on British banks

Moody’s could cut ratings on British banks

Moody’s rating agency has revealed it is investigating how the UK’s biggest banks would manage business without Government support. The agency said it may downgrade the debt of its ratings of up to 18 UK banks to reflect the lower chance of a future Government bail-out. According to the agency, those at risk are the [...]

April 7, 2011 | 0 Comments More
Greece credit rating downgraded by Fitch

Greece credit rating downgraded by Fitch

Greece’s woes intensified today after ratings agency Fitch downgraded the country’s credit rating amid fears over its rescue plan. Fitch downgraded Greece’s rating by two notches, from BBB+ to BBB-, as the cost of Greek borrowing continues to soar. The BBB- rating is significant since it is the lowest rating that qualifies as an investment [...]

April 9, 2010 | 1 Comment More
UK house prices yet to fall by 20%

UK house prices yet to fall by 20%

A new report from a leading credit rating agency makes uncomfortable reading for UK homeowners. According to Fitch, UK house prices have yet to topple 20% before bottoming out some time in 2010. A peak to trough fall of 30% is expected by the firm, plunging millions of households into negative equity as the average [...]

October 9, 2009 | 0 Comments More