Britain Could Lose its AAA Rating: Moody’s

Moody’s (MCO) said that Britain’s debt could become inconsistent with a AAA credit rating if the country experiences slower growth and implements weaker-than-expected fiscal consolidation, according to the Telegraph. The credit ratings agency reduced its forecast for British growth in 2011 to 1.6% from 2%, below the 1.7% forecast by the government’s independent Office for Budget Responsibility in Wednesday’s Budget.

Create Content With AI

Risk Our Money Not Yours | Get 50% Off Any Account

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.