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Uk Losing Its Aaa Credit Rating;
One of the major credit rating agencies has downgraded the UKs credit rating status from Aaa to Aa1. Serious consequences for our economy, or a storm in a teacup?
http:// www.moo dys.com /resear ch/Mood ys-down grades- UKs-gov ernment -bond-r ating-t o-Aa1-f rom-Aaa --PR_26 6844
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For more on marking an answer as the "Best Answer", please visit our FAQ.Isn't it the case that every country in the G7- apart from Germany and Canada (I think) = has suffered a credit rating reduction and has a rating of AA1 or lower, so whilst it is not good news for the UK, and is politically embarrassing for Gideon, I don't think it is any great surprise to the markets. And maybe a further fall in the value of the pound is not such a bad thing
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