Moody’s Places a Negative Outlook on the U.K. Given its Slowing Economy

“The U.K.’s top Aaa rating will be assessed at the beginning of next year as the nation’s economy slows amid government efforts to reduce deficits and Europe’s debt crisis, according to Moody’s Investors Service.

The economic recovery in the U.K. is likely to be slower than forecast as the private and public sectors reduce their debt loads, Moody’s said late yesterday in a report. The government’s Autumn Statement, scheduled to be released in December, may reveal “the likely speed of fiscal consolidation, the growth outlook and, most importantly, the assurances offered that the debt trajectory will stabilize and start to decline within the rating horizon,” Moody’s said.”

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