The Caithness Business Index has posted the following article:

Why Sovereign Credit Downgrades No Longer Matter As Much As They Used To

The decision by credit ratings agency Moody's to cut the UK's sovereign credit rating has been a gift to the government's critics. The agency downgraded the UK from Aa3 to Aa2 on the rationale that its heavy reliance on face-face services would mean that economic growth would be worse than expected because of the coronavirus pandemic. [Read Full Article]