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Old 03-25-2013, 08:34 AM   #1
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Fitch to downgrade UK from AAA rating

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Shortly after Moody's Investor's Service downgraded the UK's coveted AAA credit rating, Fitch has put the country’s economy on "rating watch negative", warning of a "heightened probability of a downgrade in the near term."
Fitch is due to complete its full review by the end of April, taking a final decision over the downgrade.
In February Moody's made waves when it expelled Britain from the privileged AAA exclusive club, which features Germany, Switzerland and Canada.

In December, Standard & Poor’s cut its outlook on Britain’s credit rating down to negative, warning that the UK could lose its AAA status if the country’s economy weakened further, “beyond expectations.”
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