View more on these topics

Societies’ losses in commercial arena should be limited

Fitch Ratings says improved mana-gement means building societies are less likely to face commercial real estate losses in 2010 compared with 2009.

It says societies with a stable outlook are not expected to see their ratings affected by commercial ex-posure. Mutuals with a negative out-look such as Nationwide Building Society, Newcastle Building Society and West Bromwich Building Society, which are heavily reliant on commercial loans, are vulnerable.

But the impact of Nationwide’s exposure is reduced due to its size, and is that of Skipton Building Society and Norwich & Peter-borough Building Society. Fitch also praised societies’ lending as better quality than some banks.

Recommended

cover_story.jpg

Causing confusion

Statistics from house price indices vary widely, leaving consumers and professionals puzzled about the state of the property market and its future direction

CI waters muddied by obscure illnesses

Competing for customers in a recessionary environment has seen some businesses going to extreme measures. From restaurants advertising meals for 99p to hotels offering rooms for £1, businesses are doing all they can to attract customers. No business wants to be left behind in a competitive market and it’s no different in the protection industry. […]

Newsletter

News and expert analysis straight to your inbox

Sign up
Comments