Other Citywire websites
Stay connected:

View the article online at http://citywire.co.uk/new-model-adviser/article/a645612

UK triple-A rating under fresh threat from S&P

by Daniel Grote on Dec 14, 2012 at 08:41

UK triple-A rating under fresh threat from S&P

Ratings agency Standard & Poor’s has followed Moody’s and Fitch in placing the UK’s AAA rating on ‘negative outlook’.

It said it had made the move to reflect a possible downgrade of the UK’s credit rating if fiscal performance weakened beyond its current expectations.

‘We believe this could occur in particular as a result of a delayed and uneven economic recovery, or a weakening of political commitment to consolidation,’ it said.

‘We expect economic growth to rise slowly in the medium term, with net general government debt as a percentage of GDP continuing to rise in 2015, instead of stabilising in 2014 as previously expected.’

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Opportunities emerge as production moves back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

A spotlight on Alastair Mundy

Alastair Mundy met Citywire's Daniel Grote at the London Stock Exchange Studios for a detailed interview about the Investec Cautious Managed fund.

More about this article:


Sorry, this link is not
quite ready yet