Moody’s: Nationwide Building to positive

Moody's Investors Service said it affirmed the A1 long-term and Prime-1 short-term ratings of Nationwide Building Society and changed the outlook on the A1 long-term deposit and senior unsecured ratings to positive from stable.

The positive outlook reflects the potential for increased senior and subordinated debt issuance to result in lower expected loss levels for Nationwide Building's deposits and senior unsecured debt, Moody’s said.

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