Moody’s Downgrade UK Rating from AAA to Aa1

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Late Friday Moody’s downgraded the domestic- and foreign-currency government bond ratings of the United Kingdom by one notch from AAA (negative outlook) to Aa1 (stable outlook). Moody’s justification for the downgrade is indeed hard to argue with as the press release highlighted three interrelated drivers for the downgrade:

Post Title: Moody’s Downgrade UK Rating from AAA to Aa1
Author: admin
Posted: 25th February 2013
Filed As: Forex, Fundamental Analysis
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