News Headline Summary

Fitch's Renwick says BoE coupon transfer neutral in long-term

Update details:

- Last week, the Bank of England agreed to hand over Gilts interest payments to the Treasury, in a move that will help reduce national debt. UK's Osborne said transferring the cash would allow the government to manage its cash more effectively, and "should lead to debt-interest savings to the government in the short-term".

Print 08:51, 16 Nov 2012 - Rating Agency comments - Source: Newswires