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
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.’
News sponsored by:
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
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:
by Michelle Abrego on Jul 23, 2014 at 08:12