Moody’s Investors Service will reassess the systemic support assumptions it currently includes in its senior-debt rating for 19 small and medium-sized financial institutions in the U.K. Moody’s says the reassessment will focus on the system support by the government that is significantly higher than was the case before the crisis. The credit rating agency warned this could trigger negative outlooks and reviews for possible downgrades as it phases out government support as a factor in its ratings.
