In These New Times

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Posts Tagged ‘UK credit rating’

Asia, Europe look to end US credit ratings supremacy

Posted by seumasach on June 19, 2011


2nd June, 2011

Greek officials slammed Moody’s latest decision to push its rating lower into junk territory, saying it does not take into account the government’s efforts to cut the debt.

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Posted in Battle for Europe, Currency Wars | Tagged: , | Leave a Comment »

UK faces rating blow as debt may soar 100pc

Posted by seumasach on May 22, 2009

The Treasury said there was a lot of economic uncertainty around and that it had already published plans to halve the budget deficit – predicted to hit £175 billion ($275bn) this year – over the next five years.

The problem is S&P does not believe the government numbers

Trade Arabia

22nd May, 2009

Britain risks losing its precious triple-A credit rating because of the danger that government debt may soar close to 100 per cent of GDP, and uncertainty over policy before an election due by next year.

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Posted in Financial crisis | Tagged: , , | 1 Comment »

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