UK triple-A credit rating maintained

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com UK triple-A credit rating maintained Tags: NULL Show Comments ▼ whatsapp KCS-content CREDIT ratings agency Moody’s has maintained Britain’s triple-A status, citing the coalition government’s commitment to fiscal discipline and the flexibility of the UK economy.In a major coup for the coalition government, Moody’s said its deficit-cutting plans, the long maturity profile of UK government debt and the likelihood that growth will continue even in the face of “austere fiscal consolidation” all supported a triple-A rating.Kenneth Orchard, Moody’s lead analyst for the UK said while the global financial crisis caused “serious long-term damage” to the UK’s balance sheet, the economy would maintain a moderate pace of growth over the medium term. Private sector deleveraging, the uncertain state of the financial sector and slower growth in the UK’s main trading partners were still concerns, he warned. But Orchard said the budget would be in surplus by around 2014, and that the restructuring of the country’s banking sector would only incur small additional costs.The government welcomed the news. “This supports the government’s approach to cutting the deficit,” said a Treasury spokesman. Monday 20 September 2010 9:21 pm Share whatsapplast_img read more

Read More..