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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 Leicester City 19 12 2 5 35 21 +14 38
2 Manchester United 18 11 4 3 34 24 +10 37
3 Manchester City 17 10 5 2 29 13 +16 35
4 Liverpool 18 9 7 2 37 21 +16 34
5 Tottenham Hotspur 18 9 6 3 33 17 +16 33
6 Everton 17 10 2 5 28 21 +7 32
7 West Ham United 19 9 5 5 27 22 +5 32