Liz Truss resignation: UK debt rating danger

clock • 1 min read

UK government debt could be downgraded by DBRS Morningstar, according to a notice from the credit rating agency issued within the past 24 hours - even before the shock announcement that the UK would get its third prime minister of the year.. The credit arm of Morningstar said the debt was "under review with negative implications." The reasons are clear: ongoing concerns about UK fiscal and other policies, alongside turmoil in the market for UK government debt. DBRS Morningstar rates UK government debt as 'AA (high)', which is not far off 'AAA'. But this could be downgraded if it sp...

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