Household and corporate debt relative to GDP is reducing towards what we consider to be a more manageable level for the U.K. banking system. We expect U.K. bank loan losses across domestic asset classes to remain low this year and next. As a result, we now ascribe a positive trend to our view of economic risk, reflecting our view of decreasing risks to the U.K. banking sector arising from credit risk in the economy. Despite this updated assessment, we are affirming our ratings on eight U.K.-based banking groups and maintaining the ratings on Clydesdale Bank on CreditWatch negative. LONDON (Standard&Poor's) July 2, 2015--Standard&Poor's Ratings Services said today that it affirmed its ratings on U.K. banks. Specifically
