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That represents an 8.5 percent fall from the October borrowing level.
But one critic says: "The borrowing level is still unsustainable, given tough market conditions and Premier's [relatively] weak bargaining hand with customers".
Though still well below the nearly 200-basis-point level hit at the height of the financial crisis, this is the highest overnight borrowing level in Europe since the spring of 2009.
In August 2011, Moody's rating has cut Japan's long-term sovereign debt rating one notch from Aa3 to Aa2 inline with the size of the country's deficit and borrowing level.
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Meanwhile Xstrata, which has been hit by concerns about its borrowing levels, dropped 54.5p to 575p.
In Britain specifically, Barclays says that its study of borrowing levels highlighted imminent dangers.
Borrowing levels that seemed manageable in the boom now look rather high.
This is the theory of 'surplus recycling', where cheap credit flowed to the eurozone periphery to create unsustainable borrowing levels.
Despite its reduced borrowing levels, the lower ratings have caused interest rates on Citicorp's securities to rise slightly.
The absurd borrowing levels were, of course, imposed under private equity ownership, before the AA's flotation in 2014.
And even if borrowing levels are rising in the longer term, banks' role in supplying that credit is not assured.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com