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31
Jan

UK Banking Sector Downgraded

Posted by Susan Mitchell (0) Comment

International credit rating agency, Standard & Poor’s (S&P), has downgraded Britain’s banking sector.

The agency is downgrading Britain’s banking industry by one tier to its Group 3 out of 10. Banks in Canada, France and Germany are in the first and second groups.

It said: “We no longer classify the United Kingdom (AAA/Negative/A-1+) among the most stable and low-risk banking systems globally.”
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Category : UK Banks | Blog