News

S&P checks Equitable's ratings

Tuesday 15th of September 2009

S&P said Equitable Mortgages is a central part of the wider Equitable group and retained its BB rating, meeting the criteria of the government's extension to the retail deposit guarantee, due to its emphasis on first-mortgage lending and the cornerstone shareholding of the Spencer family.

The rating agency does not think Equitable will require additional shareholder support to meet t...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.