UK Credit Rating Downgraded By Moody's

The Caithness Business Index has posted the following article:

UK Credit Rating Downgraded By Moody's

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From The Guardian Credit ratings agency Moody's has downgraded Britain's credit status, citing a decline in economic strength in the wake of the coronavirus pandemic and continued Brexit uncertainty. With the government struggling to contain a second wave and ministers under pressure to sanction extra spending to protect businesses and jobs, Moody's lowered the UK's sovereign debt rating by one notch to Aa3 from Aa2. [Read Full Article]