News

Rates round-up: June 25

Monday 25th of June 2012

S&P lowers Co-op Bank outlook

Standard & Poor's has revised its outlook on The Co-operative Bank (formerly PSIS) to stable from positive, while affirming its 'BBB-/ A-3' issuer credit ratings.

Credit analyst Andrew Mayes said the revision "reflects weaker than anticipated developments in the bank's business franchise since its conversion to a mutual...

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