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S&P Cuts UK's Rating Outlook to Negative - Britain * Europe * News * Story - CNBC.com
BritainBy: Reuters | 21 May 2009 | 07:35 AM ET tumbled 3 U.S. cents, the gilt future fell more than a point and the FTSE-100 stock index was around 2 percent lower after the announcement -- the first time Britain had been on a negative outlook since S&P introduced them in the 1980s.

Britain has had a "AAA" rating since 1978. Rival credit rating agencies Moody's and Fitch said they saw no reason to change the UK's status and reaffirmed its ratings.

by Fran on Fri May 22nd, 2009 at 01:52:36 PM EST
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