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17.10 - 21:27
S&P Lowers Outlook on U.K. Debt
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LONDON—S&P Global Ratings lowered its outlook on U.K. sovereign debt on Friday, citing risks to the country’s economy stemming from the government’s recently announced tax-cutting plans.
The ratings company revised its outlook to negative from stable, saying the “measures could weaken the U.K.’s fiscal position” because they might raise government borrowing costs and make it harder for the country to tame inflation. At the same time, S&P affirmed the U.K.’s double-A credit rating.
Read more on wsj.comAbout this in other media
Kwasi Kwarteng to launch debt-cutting plan on 31 October theguardian.com /2 years ago
UK debt market sees fresh selloff after Bank on England halts long-dated bond purchase fnlondon.com /2 years ago
Credit Suisse plans $3bn debt buyback to shore up liabilities ahead of restructuring fnlondon.com /2 years ago
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