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MSE News: Banks' credit ratings downgraded

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Comments

  • tagq2
    tagq2 Posts: 382 Forumite
    Why don't they simplify the ratings?
    Grade inflation. See also academic assessment.
  • naughtybish
    naughtybish Posts: 110 Forumite
    I Am leaving LLOYDS bank , i don't want to be associated with
    second rate companies

    I WILL NOT DEAL WITH AMATEURS ! :p
  • realaledrinker
    realaledrinker Posts: 1,661 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    apt wrote: »
    And that the Icelandic banks were AA. Who rates the rating agencies?

    They're unregulated, of course.
    Ethical moneysaver
  • realaledrinker
    realaledrinker Posts: 1,661 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    Classic spin @ Co-op (downrated one notch):

    "All UK banks where there was an implicit govt. guarantee have been downrated by three notches but we have also been uprated by two notches at the same time because of improved capital and liquidity position. Therefore this is good news"!
    Ethical moneysaver
This discussion has been closed.
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