The influential Moody’s credit rating agency has dropped its negative outlook on the UK, saying that “policy predictability has been restored” following last year’s mini-Budget.
Credit ratings agencies assess how likely a country is to repay its debts, based on the strength of the economy and the effectiveness of government.
It said increased friction due to Brexit had slowed the UK’s bid to reduce inflation, which it sees returning to its 2% target in 2026.
Aa3 is the fourth-highest rating on Moody’s scale - which means debts are “very high quality and subject to very low credit risk”.
Moody’s gave the UK the highest-possible rating of AAA from 1978 to 2013, until it was downgraded while George Osborne was chancellor.
S&P removed its negative outlook on the UK in April, and gives the country an AA rating, the third-highest level on its scale.
The original article contains 280 words, the summary contains 143 words. Saved 49%. I’m a bot and I’m open source!
This is the best summary I could come up with:
The influential Moody’s credit rating agency has dropped its negative outlook on the UK, saying that “policy predictability has been restored” following last year’s mini-Budget.
Credit ratings agencies assess how likely a country is to repay its debts, based on the strength of the economy and the effectiveness of government.
It said increased friction due to Brexit had slowed the UK’s bid to reduce inflation, which it sees returning to its 2% target in 2026.
Aa3 is the fourth-highest rating on Moody’s scale - which means debts are “very high quality and subject to very low credit risk”.
Moody’s gave the UK the highest-possible rating of AAA from 1978 to 2013, until it was downgraded while George Osborne was chancellor.
S&P removed its negative outlook on the UK in April, and gives the country an AA rating, the third-highest level on its scale.
The original article contains 280 words, the summary contains 143 words. Saved 49%. I’m a bot and I’m open source!