Fitch downgrades UK credit rating to AA+

Saturday, 20 April 2013 - 13:02


The Fitch credit ratings agency has downgraded the UK to AA+ owing to a weakened economic outlook.


The move, after Moody's downgrade in February, came as Chancellor George Osborne defended the government's austerity plan.


Fitch said its downgrade primarily reflected a weaker economic and fiscal outlook.