©2020 AEA3 WEB
Image default
News

UK credit rating downgraded by Moody’s amid growth concerns

Ratings agency cites weakening economy, Brexit woes and coronavirus shocks

Credit ratings agency Moody’s has downgraded Britain’s credit status, citing a decline in economic strength in the wake of the coronavirus pandemic and continued Brexit uncertainty.

With the government struggling to contain a second wave and ministers under pressure to sanction extra spending to protect businesses and jobs, Moody’s lowered the UK’s sovereign debt rating by one notch to Aa3 from Aa2.

Continue reading…

Related posts

UK shoppers urged to shun Amazon Prime Day to support small businesses

AEA3

UN’s World Food Programme wins Nobel peace prize

AEA3

‘Plan B’ for rigorous mock exams to avoid rerun of A-level fiasco

AEA3

Your ads here. Click here