S&P Downgrades UK From AAA To AA, Outlook Negative: Full Text
by Tyler Durden
ZeroHedge.com
Jun 27, 2016
On June 27, 2016, S&P Global Ratings lowered its unsolicited long-term foreign and local currency sovereign credit ratings on the United Kingdom to ‘AA’ from ‘AAA’. The outlook on the long-term rating is negative. We affirmed the unsolicited short-term foreign and local currency sovereign credit ratings on the U.K. at ‘A-1+’. We also lowered to ‘AA’ from ‘AAA’ our long-term issuer credit rating on the Bank of England (BoE) and the ratings on the debt programs of Network Rail Infrastructure Finance PLC. We affirmed the short-term ratings on the BoE and Network Rail Infrastructure Finance debt programs at ‘A-1+’. The outlook on the long-term rating on the BoE is negative.
The Rest…HERE
