S&P downgrades Manchester Unity's credit rating
Falling wholesale interest rates are taking a toll on the Manchester Unity Friendly Society's solvency ratio. With special feature audio.
International ratings agency Standard and Poor’s has slashed its rating for the Manchester Unity Friendly Society to “B+” with a negative outlook.
As recently as late February, the rating was confirmed at “BB-“, although the outlook was downgraded from positive to stable.
S&P analyst Mark Legge
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Jenny Ruth
Tue, 12 Apr 2016
Tue, 12 Apr 2016
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S&P downgrades Manchester Unity's credit rating
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