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.
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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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