“Ratings agency Standard & Poor’s has reaffirmed its AAA credit rating for the UK, saying it believes the economy is ‘wealthy, open and diversified’. S&P also confirmed a stable outlook, as it expects the government to implement the bulk of its austerity measures. The other two major ratings agencies, Fitch and Moody’s, have placed the UK’s top rating on “negative outlook”, warning that it could be downgraded..”
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