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UK Heading For Downgrade: Analyst

Thursday, 8 Sep 2011 | 3:40 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.