United Kingdom Sovereign AAA Rating At Most Risk
This evening Fitch Ratings issued a statement that the AAA sovereign rating of the United Kingdom is the most at risk to lose that sovereign rating. Fitch also stated that Japan is being watch carefully and Fitch is concerned about Japan issuance of JGB which would prompt a rating review.
The United States rating will come under additional pressure if “US fiscal position does not stabilize”
RT note: You hear that Geithner and Bernanke? You just got a shot across the bow. Get the deficit under control or go down with the ship.
More on this topic
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Could England Be the Next Iceland?
(naked capitalism, 1/16/10)
United Kingdom GDP Report Disappoints, Forcing BOE to Rethink Monetary Policy
(Money Morning, 10/24/09)
A Little Financial Armageddon-Style Humor
(Financial Armageddon, 10/24/09)
