International Development News
Development News Edition

Moody's downgrades Britain debt outlook to negative


Moody's downgrades Britain debt outlook to negative
Representative Picture. Image Credit: ANI

Credit rating agency Moody's on Friday downgraded the outlook for Britain's debt, citing increasing difficulty dealing with policy challenges the country faces amid the Brexit debate. The agency cut the outlook to negative from stable but kept the debt grade at Aa2.

Pointing to "paralysis that has characterized the Brexit-era policymaking process," Moody's said London has "struggled to cope with the magnitude of policy challenges that they currently face." In addition, Britain's "economic and fiscal strength is likely to be weaker going forward and more susceptible to shocks than previously assumed," Moody's said in a statement.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION/BLOG/INTERVIEW

How music can help expectant mothers during pregnancy

Music provides pleasant ambience for all but its more important for expectant mothers as besides ensuring pleasant environment for them it also directly and indirectly influences the unborn babies. There are various scientific findings to c...

EdTech: A technical approach to flexible and cost-effective education

Its hight time for the world to go for innovative approaches like e-learning over traditional learning methods that need physical infrastructure, long-term planning, and huge investment. ...

Our school campaigns are our strongest ally: Joaquin Antuna, founder of Peace and Cooperation

Joaquin Antuna is the founder of Peace and Cooperation, a Spanish NGO which was nominated as peace messenger by the United Nations in 1986. Antuna is of very firm opinion that in order to have an incisive impact on the community we live in,...

'No escape from telephones', this 1953 prediction actually comes true

In 1953, a telephone company chief predicted that therell be no escape from telephones in the future....

Videos

Latest News

'JNU facing deficit of over Rs 45 crore, necessary to levy service charges in hostel'

The Jawaharlal Nehru University JNU has justified its decision of revising hostel fee by saying that it has a shortage of more than Rs 45 crore due to huge electricity and water charges and salary of contractual staff. The University has a ...

IIT Kharagpur researchers find Iron Age evidence in Gujarat

Researchers from IIT Kharagpur have found archaeological evidence of a 3,000-year-old Iron Age settlement at Karim Shahi and a Historic to Medieval settlement at Vigakot near Thar desert. While the archaeological remains found at the Karim ...

Brookfield Properties Joins Global Campaign Driving Disability Inclusion at the Workplace

Brookfield Properties today announced its commitment to increasing disability inclusion by making all its office parks universally accessible. It has joined The Valuable 500, a global campaign which strives to ensure businesses recognize th...

UPDATE 1-Trump travels to Delaware base to honor two U.S. soldiers killed in Afghanistan

U.S. President Donald Trump traveled to Dover Air Force Base in Delaware on Thursday to receive the remains of two American soldiers killed in a helicopter crash in Afghanistan this week.Trump, who met with families of the soldiers, was acc...

Give Feedback