Five UK building societies see credit rating slip

The credit rating of five British building societies has been downgraded, as the mutual sector continued to come under pressure.

Five UK building societies see credit rating slip
Sat, 23 May, 2009 - 17:09

The credit rating of five British building societies has been downgraded, as the mutual sector continued to come under pressure.

Rating agency Fitch Ratings said it had downgraded the Chelsea, Newcastle, Principality, West Bromwich and Yorkshire building societies.

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