trending Market Intelligence /marketintelligence/en/news-insights/trending/zOrvMngA5lCh9j8ah1_l4w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Moody's, Fitch withdraw ratings of Virgin Money

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Moody's, Fitch withdraw ratings of Virgin Money

Moody's and Fitch Ratings on Oct. 21 withdrew the ratings of Virgin Money Holdings (UK) PLC and operating unit Virgin Money PLC, following the transfer of most of Virgin Money's assets and liabilities to Clydesdale Bank PLC, the operating entity of CYBG PLC, which completed its takeover of Virgin Money Holdings in October 2018.

Moody's withdrew the Baa3/P-3 and Baa1/P-2 long- and short-term issuer ratings of Virgin Money Holdings and Virgin Money, respectively. Prior to withdrawal, the outlook on both entities' long-term issuer ratings was positive. Also withdrawn were the unit's A2/P-1 long- and short-term counterparty risk ratings, its A2(cr)/P-1(cr) long- and short-term counterparty risk assessments and "baa2" baseline and adjusted baseline credit assessments.

Meanwhile, Fitch maintained on Rating Watch Negative Virgin Money Holdings' BBB+ long-term issuer default rating and Virgin Money's A- long-term issuer default rating and subsequently withdrew the ratings.

Fitch also affirmed and withdrew the F2 short-term issuer default ratings of Virgin Money Holdings and Virgin Money, as well as their respective 2 and 5 support ratings and BBB+ and A- senior unsecured debt ratings. Also affirmed and withdrawn were Virgin Money's "bbb+" viability ratings and No Floor support rating floor.

Moody's and Fitch both noted that CYBG PLC will be renamed Virgin Money UK PLC by Oct. 31.