posted on Dec, 13 2012 @ 04:43 PM
Standard & Poor’s lowered its outlook on Britain’s top credit rating to negative, citing weak economic growth and a worsening debt profile.
S&P Cuts UK Outlook to Negative on Risks from weak
S&P, which has cut the US and France to AA+, said its decision reflected the weak recovery in Britain and sharply rising national debt. Many
economists now believe the UK will lose its cherished top-notch rating, with one of the three agencies expected to move in 2013.
This is now the 3rd rating company to threaten to downgrade Britains AAA status. This means that there is now a one-in-three change that they could
get lower ratings in the next two years, possible already next year. Britain, Canada and Germany are the only G7 countries still rated AAA by all
While I personally thing Britain will survive this and it will not come to a downgrading, you see the markets already reacting and this is not a good
sign because it makes things only worse
edit on 13-12-2012 by citizenoftheworld because: text added