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UPDATE 1-Moody's say UK credit rating not under review

Published 04/24/2009, 06:15 AM
Updated 04/24/2009, 06:25 AM

(Adds S&P comment)

LONDON, April 24 (Reuters) - Credit rating agency Moody's said on Friday that its triple-A rating for British government debt was not under review.

"Note that the UK rating is Aaa, with a stable outlook -- the rating is not under review," said Moody's spokesman Francesco Meucci.

Britain's Daily Telegraph newspaper had said in an article on Friday that Moody's and rival credit rating agency Standard & Poor's were reviewing their ratings for British sovereign debt after finance minister Alistair Darling's 2009/10 Budget, which forecast record borrowing.

A spokesman for Standard & Poor's said its analysts were still examining the Budget, and had no further comment on the Telegraph story.

"We are looking at the details of the budget and can't comment further at this stage," the spokesman said.

S&P also rates Britain as triple-A, the highest credit rating, with a stable outlook. (Reporting by Christina Fincher and David Milliken)

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