Pedestrians cross London Bridge in the course of the commute to work within the City of London June 22, 2012. Ratings company Moody’s downgraded 15 of the world’s greatest banks on Thursday, reducing credit scores by one to 3 notches to replicate the chance of losses they face from risky capital markets actions, however banks criticized the transfer as backward wanting. REUTERS/Luke MacGregor/File Photo
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April 22 (Reuters) – Ratings company S&P Global affirmed the United Kingdom’s sovereign credit rating at “AA/A-1+” on Friday, saying excessive earnings ranges and its giant, diversified economic system and monetary sector help progress.
“The ratings could come under pressure if economic growth is significantly weaker than we anticipate, challenging fiscal consolidation”, S&P stated in its assertion, citing the fallout from Russia’s invasion of Ukraine as a potential threat.
The company maintained its outlook on the nation’s sovereign debt at “stable”.
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Reporting by Mehr Bedi in Bengaluru; Editing by Sriraj Kalluvila
Our Standards: The Thomson Reuters Trust Principles.
S&P affirms UK’s sovereign credit rating at ‘AA/A-1+’ & More Latest News Update
S&P affirms UK’s sovereign credit rating at ‘AA/A-1+’ & More Live News
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