Thursday, January 28, 2010

Credit rating agencies verdict

UK no longer among most stable banking systems

I'm surprised that this article /issue has not been on any website esp BBC. This would lead to increase of bond rate and first step in the downgrade of UK credit. Bond Rate: lets call it cost of borrowing for UK (Labour) govt. will have to be paid in the form of future taxes and reduced services.

Posted by deepak @ 09:34 PM (1341 views)
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