Iraqi Dinar rates compared to every world currency Iraqi Dinar rates compared to every world currency

Ads

Home » Bank Info » Fitch monitor Top Credit Rating UK

Fitch monitor Top Credit Rating UK

Wednesday, March 20th 2013. | Bank Info

Fitch monitor Top Credit Rating UK

Fitch, announced Friday that the top credit rating “AAA” England would go down. Because the British government estimates that the debt is higher than previous estimates. The news comes a month after rival Moody triple A debt rating stripped from the UK. Moody said the government debt continues to grow, and that growth is too weak to reverse the trend before 2016.

Fitch Ratings has debt rating of long-term ‘AAA’ UK placed on negative watch, suggesting a downgrade in the near future,” the agency said in a statement on Friday. This “reflects the economic and fiscal forecasts recently published by the Office of Budget Responsibility (OBR), suggesting that government debt in the UK will peak later at a higher level than previously estimated.” Fitch said it plans to complete the study of the British end of April.

Fitch monitor Top Credit Rating UK

Cat : Bank Info, tags: , , , , , , , , , , , , , , , , ,

Comment For Fitch monitor Top Credit Rating UK