The Standard and Poor's credit rating agency today confirmed the UK's AAA rating but warned that the outlook remained negative.
It means all three major agencies have now painted a bleak picture of Britain's economic outlook.
- The Moody's rating agency downgraded the UK to Aa1 in February - the first time Britain had lost its AAA rating since 1978.
- In March, the Fitch agency put the UK economy on negative watch, the first step to a credit rating downgrade.
- S&P has now reportedly affirmed the UK's AAA status, but with the caveat that there is "at least a one-in-three chance" it could be downgraded.
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