Tuesday, 10 November 2009

UK most exposed to losing AAA credit rating

The Times
"The UK Government is most at risk of losing its AAA sovereign debt rating among the top-rated nations because of its huge budget deficit, Fitch, the ratings agency, warned today.However, the country does not face the imminent threat of a downgrade, because whichever party is voted in at the next general election is then expected to announce radical measures to cut debts, Fitch added.David Riley, the head of global sovereign ratings at Fitch, said that he has a “stable” outlook for gilts to reflect “our expectation that the UK Government will articulate a stronger fiscal consolidation programme next year”.

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