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S&P puts UK credit rating on notice with ‘negative outlook’

S&P puts UK credit rating on notice with ‘negative outlook’

The UK’s credit rating was threatened with a downgrade late on Friday when S&P, one of the world’s largest credit rating agencies, put the country on a “negative outlook” after chancellor Kwasi Kwarteng’s “mini” Budget last week.

The rating agency maintained the UK’s double A investment grade credit rating but warned the outlook was negative. S&P said that after the chancellor’s statement, there were “additional…


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