Friday, 22 March 2013

UK Faces Fitch Downgrade Over Debt Levels

THE DAILY TELEGRAPH: Britain's credit rating faces another downgrade in the next month after Fitch warned it is reviewing the country's "AAA" status in the wake of the Budget.

The agency warned that there is a "heightened probability of a downgrade" as it conducts a review of the rating by the end of April.

Fitch said its decision to put the UK on a "negative watch" was because Britain's debt will now be bigger than Chancellor George Osborne first forecast and is taking longer to bring under control. » | Andrew Trotman, and agencies | Friday, March 22, 2013