
: S&P puts U.K. AA credit rating on negative outlook due to worries over fiscal plan #FinanceUSA #StockMarketNEWS S&P Global Ratings on Friday moved its outlook on the U.K.'s AA sovereign credit rating
@stockMarketNEWS Mon 03 Oct, 2022
S&P puts U.K. AA credit rating on negative outlook due to worries over fiscal plan #FinanceUSA #StockMarketNEWS
S&P Global Ratings on Friday moved its outlook on the U.K.'s AA sovereign credit rating to "negative" from "stable," citing concerns about the country's fiscal outlook. The British pound tumbled and yields on British government bonds, or gilts, soared after Treasury chief Kwasi Kwarteng on Sept. 23 unveiled a mini-budget plan that included 45 billion pounds in unfunded tax cuts. The Bank of England this week stepped in to buy gilts in an effort to stabilize the bond market. S&P, in a statement, said it now expects the U.K. government deficit to widen by an average 2.6% of gross domestic product annually through 2025, while net general government debt will continue on an upward trajectory, "in contrast to our previous expectation of it declining as a percentage of GDP from 2023." The ratings firm said the U.K. "continues to face balance-of-payment risks stemming from its persistently large current account deficit, which we forecast will widen to 6% of GDP this year, in part driven by higher costs of energy imports."
Munafa USA Munafa India Munafa NSE
More posts by @stockMarketNEWS

: Delhi-Shimla flights resume after 2 years #FinanceIndia #StockMarketNEWS #Business Indo-Asian News Service Shimla The air connectivity between Himachal Pradesh capital and New Delhi resumed
@stockMarketNEWS Wed 28 Sep, 2022

: Samsung launches 10% cashback credit card #FinanceIndia #StockMarketNEWS #Business Indo-Asian News Service New Delhi Samsung India on Monday announced its first-ever credit card in India in
@stockMarketNEWS Wed 28 Sep, 2022
0 Comments
Sorted by latest first Latest Oldest Best
NSE Gainers NSE Losers BSE Gainers BSE Losers
Munafa NEWSTerms of Use Create Support ticket Your support tickets Powered by ePowerPress Stock Market News! Top Seo SMO © munafa.us2023 All Rights reserved.