Warns Great Britain of Bank Downgrade

A warning for degration the evaluation of the five largest UK banks sent to an analysis the Moodys, because of concerns about what might happen if the government stop its support to them. The Royal Bank of Scotland and Lloyds TSB, which are controlled by majority share from the British government are among the 14 financial institutions, whose assessments might be lowered by Moodys.

However, the CNBC news agency notes that despite recent problems, both banks are still receive an Aa3 assessment from Moodys, which is one of the highest ratings. Moodys began to examine the financial institutions who are directly supported by the government, such as RBS and Lloyds, or had accepted a change in long-term evaluations of the credit crisis. The 14 banks that are affected are Bank of Ireland, Co-Operative Bank, Coventry Building Society, Norwich & Peterboough Building Society, Nottingham Building Society, Principality Building Society, Santander, Skipton Building Society, West Bromwich Building Society and Yorkshire Building Society. As many indicate, if Moody’s eventually proceed to the downgrade the EURGBP and GBPUSD rates will significantly affected.