NEW YORK, Jan 28 (Reuters) - The United Kingdom is no longer classified as being among the most stable and low-risk banking systems in the world, credit rating agency Standard & Poor's said on Thursday. Britain's weak economy will continue to hinder the credit profile of its banking industry, S&P said in a report, adding it expected the unwind of high levels of debt to weigh heavily on economic growth prospects and banks' financial performance. "We no longer classify the United Kingdom (AAA/Negative/A-1+) among the most stable and low-risk banking systems globally," Standard & Poor's Ratings Services said. (Reporting by John Parryand Camille Drummond; Editing by James Dalgleish)UK no longer among most stable banking systems-S&P
Thursday, 28 January 2010
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