Moody's has lowered its UK macro profile to......>

UK: Moody's has lowered its UK macro profile to 'Strong+' from 'Very Strong-',

"recognizing the likely deterioration in the operating environment in a system

which is already characterized by a high level of personal indebtedness and

rapid consumer credit growth," wrote Moody's.

- The comment was noted in Moody's latest rating actions on 11 UK banks and

building societies earlier Tuesday.

- "This also reflects a slower economy and increased uncertainty surrounding the

UK's exit from

the European Union following the recent general election, which now outweigh the

benefits of the UK's strong bank regulatory framework," Moody's said.  

- "Nevertheless, strengthening credit fundamentals over the past year have

enhanced the resilience of the UK banks and building societies to this expected

deterioration in the operating environment," added Moody's.