LONDON, June 14 (AFP): Standard & Poor's lifted Friday its outlook on Britain's credit rating to stable from negative, citing the broad recovery and progress in consolidating public finances, and confirmed its top 'AAA' assessment.
"Standard & Poor's Ratings Services revised its outlook on the United Kingdom to stable from negative," it said in a statement. The agency also affirmed its 'AAA/A-1+' long- and short-term sovereign credit ratings for Britain.
"The outlook revision reflects our view of the robust and broadening recovery in the UK economy, and the further progress that the government is making on consolidating public finances," it said in a statement.
S&P forecast that the British economy would expand by almost 3.0 per cent in 2014, and by 2.5 per cent in 2015, propelled by business investment and private consumption.
"We see improving credit and capital market conditions as supportive of growth, along with an expected gradual resumption of positive real wage gains," it noted.
"We anticipate that the UK's economic recovery will continue to broaden, benefitting the public finances."
S&P revises Britain outlook to stable from negative
FE Team | Published: June 15, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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