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S&P revises Britain's outlook to stable from negative

Published on Jun 14, 2014 1:42 PM
 
The skyline of London. Standard & Poor's lifted on Friday its outlook on Britain's credit rating to stable from negative, citing the broad recovery and progress in consolidating public finances, and confirmed its top 'AAA' assessment. -- PHOTO: BLOOMBERG

LONDON (AFP) - Standard & Poor's lifted on Friday its outlook on Britain's credit rating to stable from negative, citing the broad recovery and progress in consolidating public finances, and confirmed its top 'AAA' assessment.

"Standard & Poor's Ratings Services revised its outlook on the United Kingdom to stable from negative," it said in a statement.

The agency also affirmed its 'AAA/A-1+' long- and short-term sovereign credit ratings for Britain.

"The outlook revision reflects our view of the robust and broadening recovery in the UK economy, and the further progress that the government is making on consolidating public finances," it said in a statement.

 
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