S&P complete trio of credit agencies revising UK outlook

The Standard & Poor's credit rating agency's revision of the UK's outlook from stable to negative is the third such blow for the British economy this year:

  • Moody's rating agency placed the UK on negative outlook in February
  • In March, the Fitch agency followed suit, dropping the UK's outlook from stable
  • S&P today completed the trio of agencies warning that the UK's coveted AAA rating is in danger

Advertisement

UK credit rating under threat

The ratings agency Standard & Poor's has placed the UK on a negative outlook, increasing the chances of a downgrade from its top AAA credit rating.