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.