trending Market Intelligence /marketintelligence/en/news-insights/trending/2vc3TVtSXnMYdfWRrvahJw2 content esgSubNav
In This List

Fitch revises outlook on Virgin Money's rating

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


Fitch revises outlook on Virgin Money's rating

Fitch Ratings on Oct. 3 revised the outlook on 's long-termissuer default rating to stable from positive and affirmed it at BBB+.

At the same time, the agency affirmed the Virgin Money Holdings (UK) Plc unit's short-term issuerdefault rating at F2, its support rating at 5 and its viability rating at"bbb+".

The outlook revision reflects the agency's view of increasedpressure on the bank's planned growth and diversification. Fitch noted that theresults of the EU referendum will likely result in a slowdown in economicgrowth over the next two years, which could result in slowing business volumegrowth at Virgin Money and reduce its ability to diversify its businessesfurther.