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.

Follow the Cyprus Mail on Google News

Related Posts

Cyprus poised to bolster tech and business credentials, experts say

Souzana Psara

Shipping minister wraps up successful visit to China

Kyriacos Nicolaou

Cyprus Stock Exchange encourages companies to adopt ESG policies

Kyriacos Nicolaou

Bankers eye interest rate cut to stimulate corporate loan market

Kyriacos Nicolaou

Keve marks 97 year anniversary

Kyriacos Nicolaou

Cypriot showcases medical technology to investors in Finland

Kyriacos Nicolaou