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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 Tottenham Hotspur 10 6 3 1 21 9 +12 21
2 Liverpool 10 6 3 1 22 17 +5 21
3 Chelsea 10 5 4 1 22 10 +12 19
4 Leicester City 10 6 0 4 19 14 +5 18
5 West Ham United 10 5 2 3 17 11 +6 17
6 Southampton 10 5 2 3 19 16 +3 17
7 Wolverhampton Wanderers 10 5 2 3 11 11 +0 17