U.K. AAA Rating Now Faces Greater Downgrade Risk, Fitch Says

The U.K. faces an increased risk of a downgrade to its top credit rating after Fitch Ratings said that government debt will peak at a higher level and later than it previously predicted.

Fitch affirmed Britain’s AAA level and kept the nation on negative outlook, according to a statement released late yesterday in London. The ratings company said it doesn’t expect to resolve the question mark hanging over the top grade until 2014.