Thursday, May 21, 2009
Bankrupt britain
Yahoo: Outlook on UK economy downgraded to 'negative'
The change may eventually lead to S&P downgrading Britain's top-level sovereign credit ratings, the agency warned in a statement.
Posted by mark @ 11:04 AM (552 views) Add Comment
3 Comments
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1. paul said...
To think theat the UK won't be downgraded soon is optimistic.
This economy is shot - as far as I can see B2B orders have collapsed in many industries.
2. little professor said...
This was the reaction in the currency markets (courtesy FT Alphaville):
S&P now saying there is a "one in three" chance of a ratings downgrade.
3. Gordiji said...
yes, and only a couple of days after g sacs saying what a screaming buy sterling is!