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View Full Version : Why Sovereign Credit Downgrades No Longer Matter As Much As They Used To



NewsBot
22-Oct-20, 21:30
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:

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



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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 (https://caithness-business.co.uk/article/12098)]