- Fitch and Moody’s have both come out to affirm the UK’s triple A rating and a stable outlook for it. Snaps below:
RTRS – MOODY’S SAYS ITS UK SOVEREIGN RATING IS STABLE AND NOT UNDER REVIEW
RTRS – MOODY’S SAYS UK HAS ENOUGH BALANCE SHEET FLEXIBILITY TO ABSORB SHORT-TERM SHOCKS
RTRS – MOODY’S UK PUBLIC FINANCES FACE CONSIDERABLE CHALLENGES, DAMAGE CAN BE REVERSED OVER TIME
RTRS – FITCH SAYS UK’S TRIPLE A RATING WITH STABLE OUTLOOK TO REMAIN UNCHANGED
Difficult to tell what’s going on here. Certainly though, the S&P statement earlier was unusually bold.
Related link:
A short guide to the UK’s triple A rating - FT Alphaville