Tag: UK credit rating

• Saturday, April 20th 2013 - 08:56 UTC

  Fitch trims UK top credit rating on weaker economy and fiscal outlook

  

  Britain's credit standing took a further blow when Fitch Ratings became the second major international agency to strip the country of its top-notch credit rating. The move is an embarrassment for the Conservative-led government which promised to protect the country's rating when it took power in 2010, and will heighten the debate about whether austerity is still the right approach.