The U.K.'s Aaa rating with negative outlook will be revisited by Moody's in early 2013, the...

|By:, SA News Editor

The U.K.'s Aaa rating with negative outlook will be revisited by Moody's in early 2013, the agency says in its annual report on the country. The government's commitment to spending cuts underpins the rating, says Moody's, which nevertheless cautions weak economic growth reduces the ability to withstand fiscal or economic shocks.