Cyprus Mail
BritainBusinessInternational

S&P cuts outlook for UK rating to ‘negative’ from ‘stable’

london uk

Ratings agency Standard & Poor’s cut the outlook for its AA credit rating for British sovereign debt to “negative” on Friday from “stable,” citing rising fiscal risks and an expectation of a growing government budget deficit.

S&P also forecast Britain would enter a technical recession in the coming quarters.

Related Posts

UK crime agency arrests ‘wealthy Russian’ over money laundering

Reuters News Service

Cyprus government posts half a billion in surplus

Kyriacos Nicolaou

Cyprus Business Now

Kyriacos Nicolaou

Has COP27 made a difference?

Dr Charles Ellinas

Analysts recommend Orbeon Protocol (ORBN) over Tron (TRX) and Big Eyes (BIG)

CM Guest Columnist

US Chamber of Commerce warns against draft EU plan to exclude non-EU cloud vendors

Reuters News Service