U.K. Moves Closer to Losing AAA at Fitch on Debt Concerns
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Britain came a step closer to losing its top credit grade at Fitch Ratings after Chancellor of the Exchequer George Osborne said debt will rise more than previously forecast.
The U.K. was placed on rating watch negative, “indicating a heightened probability of a downgrade in the near term,” Fitch said in a statement in London today. The company will complete its review of the grade by the end of April.