U.K. Keeps Stable AAA Outlook as S&P Disagrees With Fitch

Britain kept its AAA grade with a stable outlook at Standard & Poor’s as the ratings company disagreed with Moody’s Investors Service and Fitch Ratings on the risks to the government’s ability to pay its debts.

The coalition led by Prime Minister David Cameron will succeed in maintaining its focus on curbing the budget deficit, S&P said in a statement yesterday in London, as it praised the nation’s political institutions for their capacity to react “quickly” to economic challenges.