Northern Rock plc http://www.alacrastore.com/company-snapshot/Northern_Rock_plc-1054408 08 Nov 2009 09:54:28 EST 1054408 Northern Rock plc en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/research/creditsights-Euro_Financial_Movers_Break_ING_Up_Is_Hard_To_Do-9065490654cs/90654normArticleTemplateING set last week's theme, which was all about breaking up. It's hard to do these days, without making losses on forced sales. But it might be imposed on others, and the treatment of hybrids, while positive in ING's case, is hard to guess.jraymondsadamsonaegondeutsche_bankdexiainglloyds_tsbnorthern_rockaegondeutsche_bankdexiainglloyds_tsbnorthern_rock9065402 Nov 2009 03:10:35 ESTYes90654150CreditSights Inceuropeeuropebanksfinancial_servicesinsurancebanksinsurancefinancial_servicesPublishedeuroFinancialMoversEuro Financial Movers1119 Euro Financial Movers: Break-ING Up Is Hard To Do After ING's surprise break-up, the markets are trying to second-guess what regulators will force on other restructuring groups For equities, the implications of possible forced sales...aareal_bankabn_amroace_limitedaegonaetnaaffiliated_managersaflacaigalliance_leicesteralliancebernsteinallianzallied_irishallstateambacamerican_expressamerican_general_financeamerican_national_insuranceameriprise_financialamerusamvescapanglo_irish_bankanzaonarch_capitalassociated_bancassurantassured_guarantyastoria_financialavivaaxabanca_italeasebanca_lombardabanca_monte_dei_paschi_di_sienabanca_popolare_di_milanobanca_popolare_italianabancajabanche_popolari_unitebanco_bilbao_vizcaya_argentariabanco_bradescobanco_comercial_portuguesbanco_de_chilebanco_de_sabadell_sabanco_espirito_santobanco_itaubanco_popolarebanco_popular_espanolbanco_santander_central_hispanobangkok_bankbank_of_americabank_of_chinabank_of_communicationsbank_of_east_asiabank_of_irelandbank_of_montrealbank_of_new_york_mellonbank_of_nova_scotiabankgesellschaft_berlinbarclaysbawagbayerische_landesbankbbtberkshire_hathawayblackrockbnp_paribasbradford_bingleycaja_madridcapital_onecapitaliace_generationchannel_reinsurancecharles_schwabchina_citicchina_construction_bankchina_international_capitalchubbcibccignacincinnati_financialcitcitigroupcna_financialcomericacommerzbankcommonwealth_bank_of_australiacorealcredit_bankcredit_agricolecredit_suissedaiwa_bankdanske_bankdepfa_bankdeutsche_bankdexiadnb_nordowney_financialdz_bankeaton_vanceefg_eurobank_ergasiasegg_plcentenialerste_banketradeeurekoeurohypoeverest_reinsurancefairfax_financialfdicfederated_investorsfgicfifth_third_bancorpfirst_horizon_nationalfortisfranklin_resourcesgamco_investorsgeneral_electricgeneral_electric_capitalgeneral_motorsgeneral_regeneraligenworth_financialglitnir_bankgmacgoldman_sachshannover_reharleysvillehartford_financialhboshcc_industrieshome_depothousehold_internationalhsbc_financehsbc_holdingshsh_nordbankhumanahuntington_bancshareshvbhypo_alpe_adria_bankhypo_real_estate_bankiasis_healthcareici_1ikb_deutsche_industriebankindustrial_and_commercial_bank_of_chinainginternational_lease_financeintesa_sanpaoloirwinjackson_national_life_insurancejanus_capitaljohn_hancock_financialjpmorgan_chasejyske_bankkaupthing_bankkbc_bankkeycorpkookmin_bankla_caixalandesbank_baden_wuerttemberglandesbank_berlinlandesbank_sachsenlandsbankilegg_masonlehman_brothersliberty_mutuallincoln_nationallloyds_tsbmalayan_bank_berhadmarsh_mclennanmarshall_ilsleymbiametlifemgic_investmentmidamerican_energy_holdingsmidamerican_fundingmillea_holdingsmitsubishi_ufj_financialmitsui_sumitomo_insurancemizuho_holdingsmontpelier_remorgan_stanleymt_bankmunich_renational_australia_banknational_bank_of_greecenationwide_building_societynationwide_financialnatixisnavigatorsnew_century_financialnew_york_communitynew_york_life_insurancenibc_banknomura_holdingsnorddeutsche_landesbanknordeanorthern_rocknorthern_trustnuveen_investmentsnymex_holdingsoccodyssey_reoko_bankomega_healthcare_investorsotp_bankoversea_chinese_bankingparmalatphoenix_companiespmipnc_financial_servicespopularprincipal_financialprogressiveprotective_lifeprudential_financialrabobankradianregions_financialreinsurance_of_americarenaissancereresidential_capitalresona_holdingsrheinland_pfalz_bankroyal_bank_of_canadaroyal_bank_of_scotlandroyal_sun_alliancerzbsafecosalton_seascorscotia_pacificscottish_resebshinhan_financialshinsei_bank_limitedsivb_financialslmsns_banksociete_generalestandard_charteredstandard_lifestate_bank_of_indiastate_farmstate_streetsumitomo_mitsui_bankingsuntrust_bankssvenska_handelsbankenswedbankswiss_reinsurancesymetra_financialsyncora_holdingst_rowe_pricetd_ameritradetoronto_dominiontravelers_companiesubsunicreditunionbancalunipolunited_overseas_bankunitedhealthunumus_bancorpwaddell_reedwashington_mutualwellpointwells_fargowestlbwestpacwhite_mountainswilliswoori_financialxl_capitalzions_bancorporationzurich_financialCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/moodys/CMT_0000512992CMT_0000512992moodys/CMT_0000512992html01 Nov 2009 06:04:29 ESThtmlNorthern Rock plcNorthern Rock plc9380093800150.000030 Oct 2009NewsIssuer CommentCGlobal Credit Research Issuer Comment ## OCT #### Issuer Comment: Northern Rock plc Moody's comments on Northern Rock's ratings following the European Commission's approval of the bank's restructuring Moody's Investors Service today...Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-Northern_Rock_700_Million_5_6_Upper_Tier_2_Subordinated_Debt_Rating_Lowered_To_C_Due_To_Nonpayment_Of_Coupon-754491754491spcred/754491normglobalstructured30 Oct 2009 01:23:00 EST100NewsThe latest News from S&PUnited KingdomThrifts & Mortgage FinanceEurope, Middle East, AfricaGlobal IssuersStructured FinanceNewsGBR66567566567E66567F66567G6656P06656P16656P26656P36656P4G6639QG6640T40102010 401020 4010 40Northern Rock PLC116601EUROMIDAFRNRK@LNNEWSCMBSFIGLOBISSRMBSSTRUCCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/bir/478243478243bir/478243norm9Northern Rock PLCUnited Kingdom30 Oct 2009 06:32:00 ESTFinance: Provision of housing finance, savings and a range of related personal financial and banking services.OTC522292M6162G5221206035NRKFinance: Provision of housing finance, savings and a range of related personal financial and banking services.Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/research/creditsights-Northern_Rock_EC_Approves_Split_Details_Missing-9047890478cs/90478normWWTemplatesadamsonnorthern_rocknorthern_rockunited_kingdomunited_kingdom9047828 Oct 2009 11:08:51 ESTYes90478150CreditSights Inceuropeeuropebanksfinancial_servicesbanksfinancial_servicesPublishedeuro_markets_issuerseuro_markets_issuersWorthWatchingWorth Watching473 Northern Rock: EC Approves Split - Details Missing Northern Rock (A#/A▼/A-►) has had its proposed restructuring approved by the European Commission under state aid rules. It will therefore be split into a 'good bank' (Northern...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/moodys/PR_188853_97400PR_188853_97400moodys/PR_188853_97400html21 Oct 2009 05:14:20 ESThtmlAbbey National plcAlliance & Leicester plcBank of Scotland plcBarclays Bank PLCBradford & Bingley plcBritannia Building SocietyChelsea Building SocietyClose Brothers Ltd.Clydesdale Bank plcCo-Operative Bank PlcCoventry Building SocietyFairbairn Private Bank LimitedHBOS plcHSBC Bank plcHSBC Holdings plcICICI Bank UK Plc.Investec Bank Ltd.Leeds Building SocietyLloyds TSB Bank PlcLloyds TSB Offshore LimitedNationwide Building SocietyNewcastle Building SocietyNorthern Rock plcNorwich & Peterborough Building SocietyNottingham Building SocietyPrincipality Building SocietyRoyal Bank of Scotland plcSkipton Building SocietyStandard Bank PlcStandard Life Bank PlcWest Bromwich Building SocietyYorkshire Building SocietyAbbey National plc; Alliance & Leicester plc; Bank of Scotland plc; ...18486020662183219525132889449565494680600009140600011741600017781600022369600022421600022435600044020600044220600045531600045746600048725600061478600066256651920808487273808732499809725302815150820835992877609150925009380097400150.000020 Oct 2009NewsAnnouncementCGlobal Credit Research Announcement ## OCT #### Announcement: Yorkshire Building Society Moody's explains assumptions behind its estimates of UK banks' credit losses London, ## October #### -- As part of its global framework for estimating...Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/515576_pr_frame515576_pr_framefitch/515576_pr_framehtmlAbbey National Treasury Services PlcABN AMRO Bank N.V.AIB Mortgage BankAnglo Irish Bank Corporation LimitedBA Covered Bond Issuer (BACBI)Banco Espirito Santo SA (BES)Bank of Ireland (Governor & CO)Bank of Scotland plcBerlin Hannoversche Hypothekenbank AGBradford & Bingley plcCIF EuromortgageClydesdale Bank plcCompagnie de Financement FoncierDepfa Acs BankDeutsche Genossenschafts-Hypothekenbank AGDeutsche Pfandbriefbank AGDZ Bank AG Deutsche Zentral GenossenschaftsbankEurohypo AGHSBC Bank PLCING Bank N.V.Lloyds TSB Bank plcNorthern Rock plcThe Bank of Nova ScotiaWM Covered Bond ProgramWuestenrot Bank AG Pfandbriefbank80089144803595558035955680359643803596958035970180359702803599148035991580359917803599308035998180360473803606148036061880361082803611578036241480426796812406538289894583361270837784718498167386873938870925718751398207 Oct 2009 10:22:23 EST010101000101070085Press ReleaseBESBHHBIRBNSFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/511037_pr_frame511037_pr_framefitch/511037_pr_framehtmlNorthern Rock plc8035998124 Sep 2009 10:21:15 EST0101010085Press ReleaseFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-Northern_Rock_Reserve_Capital_Instruments_And_Tier_One_Notes_Downgraded_To_C_Due_To_Deferral_Of_Coupons-747548747548spcred/747548normglobalstructured21 Sep 2009 08:16:11 EST100NewsThe latest News from S&PUnited KingdomThrifts & Mortgage FinanceEurope, Middle East, AfricaGlobal IssuersStructured FinanceNewsGBR66567566567E66567F66567G6656P06656P16656P26656P36656P4G6639QG6640T40102010 401020 4010 40Northern Rock PLC116601EUROMIDAFRNRK@LNNEWSCMBSFIGLOBISSRMBSSTRUCCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_186617_97400PR_186617_97400moodys/PR_186617_97400html15 Sep 2009 04:36:36 ESThtmlYorkshire Building SocietyNorthern Rock plcBarclays Bank PLCAbbey National plcBank of Scotland plcStandard Life Bank plcLloyds TSB Offshore LimitedCoventry Building SocietyICICI Bank UK Plc.Nottingham Building SocietyStandard Bank PlcRoyal Bank of Scotland Group plcRoyal Bank of Scotland plcFairbairn Private Bank LimitedHBOS plcNewcastle Building SocietyLeeds Building SocietyNorwich & Peterborough Building SocietySkipton Building SocietyWest Bromwich Building SocietyPrincipality Building SocietyChelsea Building SocietyInvestec Bank Ltd.Close Brothers Ltd.HSBC Holdings plcHSBC Bank plcLloyds TSB Bank PlcCo-Operative Bank PlcNationwide Building SocietyBritannia Building SocietyBradford & Bingley plcAlliance & Leicester plcClydesdale Bank plcAbbey National plc; Alliance & Leicester plc; Bank of Scotland plc; ...97400938009250091508776082104497482083599281515080972530280873249980848727380678910565192565192060006625660006147860004574660004553160004422060004402060002243560002242160002236960001778160001174160000914049468044956528892513219521832066184860150.000014 Sep 2009NewsAnnouncementCGlobal Credit Research Announcement ## SEP #### Announcement: Yorkshire Building Society Moody's outlook for UK banks remains negative London, ## September #### -- The fundamental credit outlook for the UK banking system remains negative,...Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/463088_report_frame463088_report_framefitch/463088_report_framepdfNorthern Rock plc8035998124 Aug 2009 10:14:00 EST01010100165Credit UpdateFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/creditsights-Euro_Financial_Movers_Hybrids_D_Day-8823488234cs/88234normArticleTemplateEncouraging signs of recovery in the banking sector were overshadowed by continuing concerns over interest deferral on hybrid securitiessadamsonjraymonddnb_norwestpacubsbanco_bilbao_vizcaya_argentariahsbc_holdingsnorthern_rockswedbanksebau8823424 Aug 2009 03:08:38 ESTYes88234150CreditSights Inceuropeaustralasiainsurancebanksfinancial_servicesPublishedeuroFinancialMoversEuro Financial Movers1067 Euro Financial Movers: Hybrids D-Day The talk in bond markets was again dominated by speculation over the European Commission's moves to stop banks paying discretionary coupons With HSBC calling a Lower Tier # bond, the Swiss government...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/462828_report_frame462828_report_framefitch/462828_report_framepdfBank of Scotland plcLloyds Banking Group PLCThe Royal Bank of Scotland plcNational Westminster Bank plcBradford & Bingley plcLloyds TSB Bank plcHBOS plcThe Royal Bank of Scotland Group plcNorthern Rock plc8035991480089712803605498008967180362319804171798035998180359915803595468035993020 Aug 2009 02:16:00 EST01010100275Special ReportRBSLLOYFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-Northern_Rock_Hybrid_And_Lower_Tier_2_Securities_Downgraded_To_CC_And_CCC_On_Announced_Hybrid_Coupon_Deferral-741035741035spcred/741035normglobalstructured19 Aug 2009 01:01:00 EST100NewsThe latest News from S&PUnited KingdomThrifts & Mortgage FinanceEurope, Middle East, AfricaGlobal IssuersStructured FinanceNewsGBR66567566567E66567F66567G6656P06656P16656P26656P36656P4G6639QG6640T40102010 401020 4010 40Northern Rock PLC116601EUROMIDAFRNRK@LNNEWSGBR10421J10421K10421M10421N1042ZM40102010 401020 4010 40Bradford&Bingley PLC114972EUROMIDAFRBB/@LNCMBSFIGLOBISSLEVFINRMBSSTRUCCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/504401_pr_frame504401_pr_framefitch/504401_pr_framehtmlNorthern Rock plc8035998119 Aug 2009 10:16:00 EST0101010085Press ReleaseFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/creditsights-Northern_Rock_Tier_1_amp_Upper_Tier_2_Deferral-8804388043cs/88043normWWTemplatesadamsonnorthern_rockgb8804318 Aug 2009 06:08:00 ESTYes88043150CreditSights Inceuropefinancial_servicesbanksPublishedeuro_markets_issuersWorthWatchingWorth Watching532 Northern Rock: Tier # & Upper Tier # Deferral Northern Rock (A#/A▼/A-▼) announced that, until further notice, it will defer interest payments on its Tier # and Upper Tier # securities, i.e. where the coupon is discretionary....Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Euro_Banks_EU_Gets_Tougher_on_Tier_1_Deferrals-8787487874cs/87874normArticleTemplateThe EU is intervening directly and aggressively in Tier 1 coupon deferrals. For banks that receive state aid and have to submit restructuring plans, it will be hard to resist the European Commission's pressure to defer wherever possible.sadamsonjraymondlandesbank_baden_wuerttemberglloyds_tsbanglo_irish_bankcommerzbankroyal_bank_of_scotlandkbc_bankwestlbhsh_nordbankingbradford_bingleydexiabank_of_irelandnorthern_rockhypo_real_estate_bankallied_irishbayerische_landesbankhypo_alpe_adria_bankgbnlieatbede8787413 Aug 2009 11:09:00 ESTYes87874150CreditSights Inceuropeunited_statesbanksfinancial_servicesPublishedcompanies_withnvertibleseuro_markets_issuersSectorCommentSector Article2727 Euro Banks: EU Gets Tougher on Tier # Deferrals The European Commission is taking a tougher line on banks that have received state aid and are submitting a restructuring plan, in terms of trying to impose deferral of hybrid coupons...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/503315_pr_frame503315_pr_framefitch/503315_pr_framehtmlNorthern Rock plc8035998110 Aug 2009 02:14:00 EST0101010085Press ReleaseFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/503338_pr_frame503338_pr_framefitch/503338_pr_framehtmlNorthern Rock plc8035998110 Aug 2009 02:14:00 EST0101010085Press ReleaseFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/creditsights-UK_RMBS_Drivers_of_Mortgage_Default-8706987069cs/87069normArticleTemplateFalling UK interest rates appear to have helped reduce delinquency rates on UK mortgages. However, unemployment has risen strongly over the past 18 months, and this along with falling house prices will likely push delinquencies back up.dwattshgaletovaalliance_leicesternationwide_building_societylloyds_tsbhbosbarclaysnorthern_rockbanco_santander_central_hispano8706903 Aug 2009 03:10:00 ESTYes87069150CreditSights Inceuropefinancial_servicesbanksPublishedmortgagesstrategystructured_productssubprimeSectorCommentSector Article2358 UK RMBS: Drivers of Mortgage Default The proportion of mortgages that are three- to six-months in arrears has increased only # bp in the past three months to #.##% and is only # bp more than six months ago. The improvement in delinquency...Credit & Investment ResearchCreditSights