
News
TSB gets a ratings upgrade
Wednesday 19th of March 2008
Standard & Poor's has raised the bank's long-term rating from BBB to BBB+. Besides asset quality and profitability S&P says TSB has "above-peer capitalisation and liquidity, and a solid regional franchise.""Due to its predominately prime-residential mortgage-based book, TSB's loan-book track record is excellent, which has resulted in very low non-performing assets and charge-offs over the p...
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