UK suffers fresh rating downgrade
28 March 2013 3:33am
THE UK’s still-soaring debt-to-GDP ratio convinced independent ratings agency Egan-Jones to yesterday cut the country’s sovereign debt rating from AA- to A+, in a fresh blow to chancellor George Osborne. “The over-riding concern is whether the country will be able to cut its deficit in the face of weaker economic conditions,” Egan-Jones said.
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