Moody's downgrades UK as COVID-19 and Brexit hit debt outlook


The downgrade was another blow for Johnson (pic) who is under fire from opposition parties and lawmakers in his Conservative Party for his handling of the pandemic, which has killed more people in Britain than anywhere in Europe.

Ratings agency Moody's cut the United Kingdom's debt rating on Friday over the huge economic hit from the coronavirus crisis, Brexit and the lack of clear budget plans from Prime Minister Boris Johnson's government.

Moody's lowered the rating to "Aa3" from "Aa2," putting Britain on the same level as Belgium and the Czech Republic.

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Britain , Moody's , downgrade , Boris Johnson , pandemic ,

   

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