Fitch downgrades UK credit rating to AA+

Saturday, 20 April 2013 - 13:02

Fitch+downgrades+UK+credit+rating+to+AA%2B

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.



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