UK's credit rating downgraded
Britain's credit rating has been downgraded from the top AAA rating to AA1 by the Moody's credit rating agency.
Britain's credit rating has been downgraded from the top AAA rating to AA1 by the Moody's credit rating agency.
Speaking following ratings agency Moody's downgrading of the UK, Chancellor George Osborne said if the government were to abandon its commitment to tackle the UK's debt problem, the situation would get much worse:
The decision by the ratings agency Moody's to downgrade the UK's AAA credit rating, is unwelcome news for the Government.
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