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  • UK loses prestigious AAA credit rating

    International rating agency Fitch has downgraded the UK’s credit rating from AAA to AA+.*

    There are several ‘credit rating agencies’ who publish credit ratings. These include Standard & Poors (S&P), Moody’s and Fitch. Each agency will form their own opinion on the risk attached to a particular borrower.

    Moody’s downgraded the UK’s credit rating from Aaa to Aa1 is February 2013.

    S&P held the UK’s debt rating steady at AAA earlier this month (April 2013), but warned over the economy’s “negative outlook”.

    *This information is correct as at 21/04/13.

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