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U.K. Mortgage Lenders Ratings Affirmed; Outlook on Britannia Building Society to Negative Dec 02

Standard & Poors, December 2002

Abstract
LONDON (Standard & Poor's) Dec. 18, 2002--Standard & Poor's Ratings Services said today it revised its outlook on Britannia Building Society to negative from stable. At the same time, Standard & Poor's affirmed its 'A/A-1' counterparty credit ratings on Britannia. In addition, Standard & Poor's affirmed its ratings on the following U.K. institutions and their related entities: Abbey National PLC, Alliance & Leicester PLC, Bradford & Bingley PLC, Bristol & West PLC, HBOS PLC, Lloyds TSB Bank PLC, Nationwide Building Society, Northern Rock PLC, Standard Life Bank Ltd., Woolwich PLC, and Yorkshire Building Society. The outlook on Abbey National, Lloyds TSB Bank, and Standard Life Bank is negative. The outlook on Alliance & Leicester, HBOS, Nationwide Building Society, Northern Rock,...

Companies mentioned in this report are:
- Britannia Building Society
- HSBC Bank PLC
- National Westminster Bank PLC
- The Royal Bank of Scotland PLC
- Barclays Bank PLC
- Lloyds TSB Bank PLC
- Alliance & Leicester PLC
- Santander UK PLC
- Woolwich PLC
- Bradford & Bingley PLC
- Nationwide Building Society
- Yorkshire Building Society
- Bristol & West PLC
- Northern Rock (Asset Management) PLC
- Standard Life Bank PLC
- HBOS PLC

Action: Various Rating Actions

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- Britannia Building Society
- HSBC Bank PLC
- National Westminster Bank PLC
- The Royal Bank of Scotland PLC
- Barclays Bank PLC
- Lloyds TSB Bank PLC
- Alliance & Leicester PLC
- Santander UK PLC
- Woolwich PLC
- Bradford & Bingley PLC
- Nationwide Building Society
- Yorkshire Building Society
- Bristol & West PLC
- Northern Rock (Asset Management) PLC
- Standard Life Bank PLC
- HBOS PLC

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