🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

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)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.