We consider that the increased resilience of the U.K. banking industry has strengthened its ability to deal with the uncertain--and potentially turbulent--period in the run-up to the U.K.'s exit from the EU in March 2019. We consider that Nationwide Building Society's strong risk-adjusted capitalization and stable business position continue to underpin its credit profile. As previously announced on Nov. 15, 2017, we are revising our outlook on Nationwide to stable from negative and affirming its 'A/A-1' ratings (see "Various U.K. Bank Ratings Affirmed; Outlooks Revised To Stable Or Positive On Balance Sheet Strengths, But Risks Remain"). The stable outlook reflects our view of Nationwide's stable intrinsic creditworthiness, supported by its relatively low risk appetite, strong asset quality, and predictable internal
