Fitch Slashes UK Rating Outlook: Deficit Second In Size Only To US |
| March 14, 2012 | March 2012 Bond Updates |
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Fitch downgraded the U.K.’s credit outlook to “negative” after the bell on Wednesday, noting the “very limited fiscal space to absorb further adverse economic shocks in light of such elevated debt levels and a potentially weaker than currently forecast economic recovery.” After affirming the U.K.’s triple-A, the ratings agency said there’s a 50% chance of a downgrade over the next two years. |
| View more at: http://www.forbes.com/sites/afontevecchia/2012/03/14/fitch-slashes-uk-rating-outlook-deficit-second-in-size-only-to-us/ |
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