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UK Heading For Downgrade: Analyst

Thu 08 Sep 11 | 03:40 AM ET
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UK Heading For Downgrade: Analyst

Thu 08 Sep 11 | 03:40 AM ET
The UK's credit rating is four notches too high at present, and should be downgraded to A+, John Hydeskov, senior analyst at Danskebank, told CNBC. The analyst predicted that the UK would be formally downgraded in 2012, as a result of falling real growth and rising national debt.

Topics:

United Kingdom  | Britain  | Bonds  | Credit  | British Pound  | Europe  | Europe  | London  | Credit Ratings  | Western Europe
 
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