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UK on credit rating warning

Britain has retained its AAA credit rating from the Standard & Poor's credit rating agency, but has been warned it could be downgraded if it changes it plans to cut the deficit.

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Report: 'One-in-three chance' UK could lose AAA rating

The Standard & Poor's credit rating agency said Britain remained at risk of losing its AAA rating, in a statement reported by the International Business Times.

"The outlook remains negative, reflecting our view of at least a one-in-three chance that we could lower the ratings if the UK's economic and fiscal performances were to weaken beyond our current expectations," S&P reportedly said.

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