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.

24 Feb 2013 - 16:16 - - Source: Newswires

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