UK: Moody’s Investors Service said the expected wind-down of the U.K.’s
banking bailout programs could trigger ratings downgrades of some
British lenders’ bonds, the WSJ reports. The debt ratings of some large
U.K. banks have been buoyed recently by the assumption that the
government or the Bank of England would rush to their aid to prevent
them from collapsing, as they did during the financial crisis. Now that
assumption is being reconsidered, the paper says.