FX.co ★ Ratings of 14 British banks to be reconsidered

Moody’s agency will reconsider the credit score of 14 British banks. It is stated in a press release of the company.
Reassessing banks’ reliability is suggestive of declining state assistance rendered to them.
The agency highlights that its actions have not been driven by any negative changes in work of financial institutions themselves.
According to Moody’s, the largest banks will preserve their credit ratings as decisions of the state will mainly influence medium and small banks.
The agency also mentioned that the forecast on Barclays Bank rating has been altered: now it is negative. The same holds true of forecasts regarding HSBC Bank and HSBC Holdings.
Many British banks were heavily hit by the financial crisis. In order to prevent their bankruptcy, the government had to act as the major share-holder of such large financial institutions as Lloyds TSB Bank and Royal Bank of Scotland.
Now as the crisis aftermath has been rolling away, the state has been cutting its aid to banks. The stabilization plan which enabled banks to count on a bail out of 200 billion pounds is to come to its close in 2012.