UK's AAA credit rating affirmed

Press Association
Union Jack
Union Jack

Britain's gold-plated AAA credit rating has been affirmed by a key agency in a boost to Chancellor George Osborne's belt-tightening austerity measures.


Standard & Poor's (S&P) said the UK Government had the ability to "respond rapidly" to economic challenges as it confirmed both the rating and the country's "stable" outlook. The move comes after rival agencies Fitch and Moody's put the UK on negative outlook.