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Fitch moves Nationwide Building outlook to stable
Fitch Ratings said it revised Nationwide Building Society's outlook to stable from negative and affirmed the issuer default rating at A. All its other ratings have also been affirmed.
“The revision of the outlook primarily reflects the revision of the outlook on Fitch's aa- operating environment score for U.K. banks with predominantly domestic operations to stable. This follows the recent revision of the outlook on the U.K.'s AA- long-term IDR to stable and Fitch's improved expectations for the U.K.'s economic recovery,” Fitch said in a press release.
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