Moody's downgrades the U.K.'s credit rating to AA1 from AAA, citing continuing weakness in the...

|By:, SA News Editor

Moody's downgrades the U.K.'s credit rating to AA1 from AAA, citing continuing weakness in the U.K.'s medium-term growth outlook the ratings firm expects to extend into the second half of the decade, and the country's high and rising debt burden.