Tags: S&P | UK | Outlook | Negative

S&P Cuts UK Outlook to Negative

Thursday, 13 Dec 2012 01:15 PM

Standard & Poor's on Thursday revised down its sovereign credit outlook for the United Kingdom's AAA rating to negative from stable citing the potential for delayed and uneven economic recovery.

S&P said the revision was driven by an expectation that net general government debt as a percentage of gross domestic product will continue to rise in 2015 before declining again.

"We are therefore revising our outlook on the unsolicited long-term ratings on the U.K. to negative, from stable, reflecting our view of a one-in-three chance that we could lower the ratings if the U.K.'s economic and fiscal performances weaken beyond our current expectations," S&P said in a statement.

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Standard & Poor's on Thursday revised down its sovereign credit outlook for the United Kingdom's AAA rating to negative from stable citing the potential for delayed and uneven economic recovery.
S&P,UK,Outlook,Negative
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2012-15-13
Thursday, 13 Dec 2012 01:15 PM
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