S&P threats Great Britain with downgrading

The rating agency Standard & Poor's (S&P) has threatened deep in debt Great Britain with the denial of his Bestnote. The creditworthiness is valued at first wide with "AAA", informed S&P on Thursday in London. Nevertheless, the view for the creditworthiness is lowered from up to now "solidly" on "negatively". If develop during the next two years the public finances worse than expected, it could come to a downgrading.
Beside delayed and rough economic rest a possibly declining political ambition with the budgetary consolidation also shows a danger. Now S&P expects that the debt state of the country will reach his high point in proportion to the gross domestic product (GDP) only in 2015. Up to now one had expected a stabilisation in 2014. Up to 2015 the debt state of 85 percent now of the economic achievement on 100 percent will rise, expect the experts. The economic growth is further loaded by the savings politics of the British government. Being missing economic rest could lead according to S&P of to be risen unemployment and sinking budgetary expenses. The government of prime minister David Cameron tries to bring the high budget deficits under control with a savings politics. Both other big rating agencies Moody's and Fitch had provided her Bestnote already to beginning of the year with a negative view. S&P awards in the EU only to seven countries the Bestnote "AAA". Germany also counts to it.

wiwo.de