Moody's downgrades UK rating from AAA to AA1 - Israel News, Ynetnews
 
ynetnews
web


   Israel News

Israel News
World News
Israel Opinion
Jewish
Israel Business
Israel Culture
Israel Travel
Breaking News

 

Moody's downgrades UK rating from AAA to AA1

Published: 02.23.13, 15:13 / Israel News

Credit ratings agency Moody's Investors Service downgraded Britain's government bond rating one notch from the top AAA to AA1 Friday, and said that sluggish growth and rising debt were weakening the country's medium-term outlook.

British treasury chief George Osborne said the blow only redoubled his resolve "to deliver our economic recovery plan," based on deep spending cuts. Moody's said "subdued" growth prospects and a "high and rising debt burden" were weighing on the British economy. (AP)

  PrintPrint  Send to friendSend to friend   
Tag with Del.icio.us Bookmark to del.icio.us




 

RSS RSS | About | Contact Us | Privacy Policy | Terms of use | Advertise with us | Site Map

Site developed by  YIT Advanced Technology Solutions