Moody’s Downgrades UK’s Government Bond Rating to Aa1 from Aaa; Outlook is Now Stable

London–(ENEWSPF)–22 February 2013 — Moody’s Investors Service has today downgraded the domestic- and foreign-currency government bond ratings of the United Kingdom by one notch to Aa1 from Aaa. The outlook on the ratings is now stable.

The key interrelated drivers of today’s action are:

1. The continuing weakness in the UK’s medium-term growth outlook, with a period of sluggish growth which Moody’s now expects will extend into the second half of the decade;

2. The…