Ratings agency statements helped stem the losses in UK government bond prices after a torrid few days
Credit ratings agencies have rushed to reassure jittery markets that Britain's coveted top notch rating is not under immediate threat following an inconclusive election result.
Investors fear that the incoming government will lack the firepower to cut Britain's deficit swiftly enough to stay the hand of agencies such as Standard & Poor's that have recently cut their assessment of Greece and Spain. But both S&P and Moody's today say nothing in their view of the UK will change for now.
Their remarks leave the door open for downgrades later in the year, but they helped stem losses in government bond prices which had sold off sharply this morning. more...
Disclaimer - The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.
The myriad of facts, conjecture, perspectives, viewpoints, opinions, analyses, and information in the articles, stories and commentaries posted on this site range from cutting edge hard news and comment to extreme and unusual perspectives. We choose not to sweep uncomfortable material under the rug - where it can grow and fester. We choose not to censor skewed logic and uncomfortable rhetoric. These things reflect the world as it now is - for better and worse. We present multiple facts, perspectives, viewpoints, opinions, analyses, and information.
Journalism is (or used to be) the profession of gathering and presenting a broad panorama of news about the events of our times and presenting it to readers for their own consideration. We believe in the intelligence, judgment and wisdom of our readers to discern for themselves among the data which appears on this site that which is valid and worthy...or otherwise.
Ratings agency statements helped stem the losses in UK government bond prices after a torrid few days
0 comments:
Post a Comment