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The U.K. loses its AAA credit rating from Fitch, the agency downgrading to AA+ with stable...

The U.K. loses its AAA credit rating from Fitch, the agency downgrading to AA+ with stable outlook. The move is somewhat expected given Fitch had placed the country on negative watch a month ago. "The downgrade ... primarily reflects a weaker economic and fiscal outlook." Already lower on the session, cable sheds a few more pips, FXB -0.2%.
Comments (7)
  • They are about 1 year late for its down grade.

     

    Snail!
    19 Apr 2013, 12:13 PM Reply Like
  • Nobody cares about ratings anymore. Nothing even moves anymore in response to these downgrades.
    19 Apr 2013, 03:01 PM Reply Like
  • Bonds
    20 Apr 2013, 07:52 AM Reply Like
  • The UK was AAA? Hilarious, people actually trust Fitch?

     

    Rating agencies are always lenient on America and the UK.
    You are issuing in the UK? Bam, AAA stamp.
    You are issuing in Thailand? Bam FFF stamp.

     

    Fitch is a mighty good employer though. Very attractive salaries and benefits from what I hear.
    20 Apr 2013, 09:09 AM Reply Like
  • Obviously Fitch realises George Osborne isn't actually doing any austerity and never was.
    20 Apr 2013, 06:35 PM Reply Like
  • Why is this news? Neither the UK nor most of the West or China are investment grade, nor have been this century.. Indeed growing parts of the West, especially at the local level are "F" for financially failed.
    The Euro Periphery is becoming the norm not the exception.
    22 Apr 2013, 05:25 AM Reply Like
  • UK is subdued at this point they know it's a turning point,we all shall over come.
    22 Apr 2013, 07:12 AM Reply Like
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