Thursday, March 15, 2012

Britain - Fitch ratings agency has revised its outlook on debt down. One-in-two chance of losing its triple A credit rating

Published on Mar 15, 2012 by
http://www.euronews.com/ Fitch ratings agency has revised its outlook on UK debt down, warning the country that it now has a better than one-in-two chance of losing its triple A credit rating in the next two years.
The news comes just a week ahead of the annual budget statement where Chancellor George Osborne is under pressure to ease debt-cutting and stimulate growth. Fitch's warns it is precisely the risk of easing that threatens the credit rating.

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