Britain's AAA status more secure says Moody's

City A.M. Reporter
THE top AAA ratings of the UK, US, France and Germany continue to be well positioned, Moody's Investors Service has said.

The "distance to downgrade" for these four sovereigns has been reduced, the credit rating agency said, adding that large AAA-rated governments face different challenges from those they faced a few months ago.

For example, these governments must revive growth at a time when fiscal stimuli are effectively no longer available, Moody's said.