End Times and Current Events

General Category => Europe => Topic started by: Psalm 51:17 on February 22, 2013, 09:21:05 pm



Title: Moody's cuts UK credit rating one notch to Aa1
Post by: Psalm 51:17 on February 22, 2013, 09:21:05 pm
http://www.reuters.com/article/2013/02/22/britain-downgrade-moodys-idUSL1N0BMAU120130222?feedType=RSS&feedName=bondsNews&rpc=43

2/22/13
Moody's cuts UK credit rating one notch to Aa1

Feb 22 (Reuters) - Moody's Investors Service on Friday cut the United Kingdom's credit rating to Aa1 from Aaa, citing weakness in the nation's medium-term growth outlook that it now expects to extend for a number of years.

The outlook on the credit is stable, the firm said in a statement.

Moody's said that despite considerable structural economic strengths, growth is expected to be sluggish due to a combination of weaker global economic activity and the drag on the UK economy "from the ongoing domestic public- and private-sector deleveraging process."


Title: Re: Moody's cuts UK credit rating one notch to Aa1
Post by: Psalm 51:17 on April 19, 2013, 02:19:39 pm
http://www.theblaze.com/stories/2013/04/19/u-k-downgraded-stripped-of-aaa-rating/
4/19/13
U.K. Downgraded, Stripped of AAA Rating

Credit ratings agency Fitch on Friday announced its decision to revise the U.K.ís credit rating AA+, down from its previous AAA rating.