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Moody’s Downgrades 12 British Banks

Posted October 7th, 2011 at 3:50 am (UTC-5)
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Moody’s Investors Service has downgraded the credit ratings of 12 British banks over concerns that the government will not provide adequate support to the institutions if they become financially troubled. The credit rating firm said Friday that the downgrades were caused by a “reassessment of the support environment in the U.K..” It said recent government […]

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