UK 1

UK DOWNGRADED BY MOODY’S FROM AAA TO Aa1.

MOODY’S STRIPPED THE UK OF ITS AAA, MAKING IT THE LATEST EUROPEAN COUNTRY TO FACE A DOWNGRADE AMID THE CONTINENT’S GRIM GROWTH PROSPECTS.

THE UK HAD HELD AAA STATUS SINCE MOODY’S FIRST BEGAN RATING THE COUNTRY IN 1978.

IN ANNOUNCING THE DOWNGRADE, MOODY’S SAID IT EXPECTS THE UK’S DEBT TO PEAK AT 96% OF GDP IN 2016, UP FROM AROUND 90% TODAY.

SOURCE : CNN AND MOODY’S.

PHLDUCX

FOR MORE INFORMATION OR TO REGISTER, VISIT :