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S&P Affirms UK Rating Revises Outlook to Negative

We now expect the United Kingdom’s net general government debt as a percentage of GDP to continue to rise in 2015, before declining again.
Future employment or growth shocks could pressure government finances further.
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.
We are affirming our ‘AAA/A-1+’ long- and short-term unsolicited sovereign credit ratings on the U.K.
We have also revised to negative from stable the outlook on our ‘AAA’ ratings on the Bank of England and the debt program of Network Rail Infrastructure Finance PLC.

Click to read the full press release: S&P Ratings Services [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza