U.K. Banks Face Ratings Downgrade

Moody’s Investors Service may downgrade the ratings of 14 U.K. banks as regulators have hinted they would be less willing to bail them out in the future, reports Reuters.

Moody’s Investors Service may downgrade the ratings of 14 U.K. banks as regulators have hinted they would be less willing to bail them out in the future. Analysts have widely expected the move, noting, however, that the potential ratings reductions did not indicate a weakening in either government finances or the banks. Among the banks that may face cuts are Lloyds Banking Group, Royal Bank of Scotland, Santander’s U.K. operations, National Australia Bank’s Clydesdale unit, Bank of Ireland U.K. and Nationwide Building Society.

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