Fitch Warns of Potential Downgrade for UKSeptember 28, 2012 @ 2:16 PM EST
Fitch Keeps UK at ‘AAA’ But Warns of Downgrade
On Friday, ratings agency Fitch affirmed the United Kingdom’s credit rating at 'AAA' but retained a “negative outlook.”
Fitch says the likelihood of a downgrade has increased noting that weaker than expected growth and fiscal outturns in 2012 have increased pressure on the UK's 'AAA' rating, which has been on Negative Outlook since March 2012.
According to Fitch, with a budget deficit second in size within the 'AAA' category only to the US, and general government gross debt approaching 100% of GDP in 2015-16 under Fitch's revised baseline estimates - the likelihood of a downgrade has therefore increased.
Wondering what your short-term trading strategy should be at the present time? Take a Free Trial of the All-NEW Daily Decision (the new “adaptive” system is now more active and more sensitive to trend changes) to find out what we’re doing.
To learn more about our NEW “Adaptive” Daily Decision System (a 100% rules-based system designed to guide your market moves) Download our Special Report on the New "Adaptive" Daily Decision System
iShares UK - Last 12 Month
Remember, you are in control your email alerts! You can receive alerts for more than 25 free research report alerts including: The “10.0” Report, The Insiders Report, ETF Leaders Report, and The Focus List.