Moody’s UK rating still stable


  • Business Premium
  • Thursday, 09 Jun 2011

LONDON: The outlook for Britain's prized triple-A credit rating remains stable but weaker growth and slippage in the government's fiscal plans could lead to a reassessment, credit ratings agency Moody's said yesterday.

The government aims to virtually eliminate a budget deficit of around 10% of GDP over the next four years, but lacklustre growth has caused some people to doubt whether it will meet this target. “Moody's has the UK at a triple-A rating with a stable outlook,” a Moody's spokesman said. Reuters.

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