Standard & Poor's affirms Britain's sovereign debt rating but maintains a negative...

|By:, SA News Editor

Standard & Poor's affirms Britain's sovereign debt rating but maintains a negative outlook based on uncertainty about spending cuts. "A slackening of that effort, in our view, could put the U.K.'s net general government debt burden on a trajectory that would be incompatible with a AAA rating," S&P says. Pound -0.25% vs. dollar.