News Headline Summary

Over the weekend, Moody’s cuts UK’s government bond rating to Aa1 from Aaa; outlook now stable

- Moody’s cites continued weakness in UK’s medium-term growth outlook and sees sluggish growth extending well into the second half of the decade. Sees UK gross general government debt peak just over 96% of GDP in 2016. Moody’s also cut the Bank of England to Aa1 from AAA; outlook stable.

Print 22:16, 24 Feb 2013 - Asian News - Source: Newswires