LONDON (Standard&Poor's) March 30, 2009--Standard&Poor's Ratings Services said today that its ratings and outlook on Nationwide Building Society (A+/Negative/A-1) were unaffected by today's announcement that Nationwide is to take over selected assets and liabilities of Dunfermline Building Society (not rated). According to the Bank of England (AAA/Stable/A-1+), Dunfermline's financial position has deteriorated and it no longer meets the minimum requirements for authorization as a deposit-taker. Under the U.K.'s new banking legislation, Dunfermline's retail and wholesale deposits, self-originated residential mortgages, head office, and branch network have been transferred to Nationwide. Dunfermline's social housing loan portfolio is now under the control of the Bank of England, and the remainder of its business has been placed in administration. We
