Thursday, March 24, 2011

Moody's ..on UK...

MOODY'S -
CONTINUED UIK COMMITMENT TO FISCAL CONSOLIDATION CRITICAL TO AAA RATING
- RISKS TO UK GROWTH SKEWED TO DOWNSIDE, ECONOMY PARTICULAR CHALLENGE AT MOMENT
 - RISK SLOWER GROWTH AND WEAKER FISCAL CONSOLIDATION COULD ENDANGER AAA RATING                                       
               not that helpful..post soft retails sales
 
On the Moody's comments about the UK. The rating agency has mentioned these arguments before but what matters is that it comes just after the Budget. It's not a great sign of confidence but Moody's is only talking about the risks, which has mentioned a number of times in the past.

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