Troubled association has credit rating downgraded

Swan Housing Association has had its credit rating lowered to BB- by S&P Global, with the company citing that it reflects “our estimate of its much-weakened financial standing and our view that its access to the market is limited at the moment”.

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Westminster

Opinion: Another fine mess

A bunch of people equivalent to a nine-tenths-full Wembley stadium elects a new prime minister and within a matter of days the “Party of Sound Money” has trashed the UK economy, put the pound almost at parity with the dollar (in 1918 the dollar stood at $4.80 to the pound), and forced the Bank of England to intervene again and again to stop the economy imploding.

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