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United Kingdom Has “Negative Outlook” Say Moody’s
The U.K. is in danger of losing it's credit rating.
February 14, 2012- Moody’s, the credit rating agency, has warned the UK that it may cut its rating therefore increasing its cost of borrowing funds. Moody’s statement came following concerns of the possible impact the crisis in the eurozone will have on growth prospects in the UK.
The agency placed a “negative outlook” on the UK meaning there is about a 30% change the country could lose it’s credit rating of AAA with the next 18 months....