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Moody’s Downgrades United Kingdom To Aa3

Unic Press UK: Moody’s, a renowned credit rating and research corporation, has downgraded the United Kingdom in its report issued Friday.

The UK has now moved downwards to “Aa3”, which is a step lower than the country’s hitherto “Aa2” rating, the Moody’s report illustrates.

In a statement on its website, Moody’s attributed the downgrade to weak productivity growth and shaky business investment, making reference to the ramifications brought about the COVID-19 pandemic and the uncertainties of a Brexit.

Moody’s said the Government’s already-high debt will increase further in the course of the coronavirus issues.

A weakening of the UK’s policy-making framework underlie the economic and fiscal deterioration, Moody’s said.

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English Premier league table (live)

# Team MP W D L F A G P
1 Everton 6 4 1 1 14 9 +5 13
2 Liverpool 6 4 1 1 15 14 +1 13
3 Aston Villa 5 4 0 1 12 5 +7 12
4 Leicester City 6 4 0 2 13 8 +5 12
5 Tottenham Hotspur 6 3 2 1 16 8 +8 11
6 Leeds United 6 3 1 2 12 9 +3 10
7 Southampton 6 3 1 2 10 9 +1 10