UK loses prestigious AAA credit rating

• By Joe
• Posted in Credit rating, Economics
• On April 21, 2013
• No Comments.

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.