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Thursday, December 13, 2012

S&P downgrades UK's triple A rating to negative

S&P downgrades UK's triple A rating to negative
Standard & Poor's has become the third large credit rating agency to give the government a bloody nose by downgrading the outlook on Britain’s triple A rating to "negative". The move came because the agency is concerned by the weak recovery and delays in seeing a sufficient improvement in the public finances.

http://link.ft.com/r/R5WAEE/JQ96GE/268VPS/C48IA3/PNTBCL/LE/h?a1=2012&a2=12&a3=13

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