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Fitch strips Britain of top triple-A rating

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(Globalpost/GlobalPost)

Fitch Ratings on Friday stripped Britain of its top triple-A rating, moving it down one notch to 'AA+' as a weaker economic outlook continues to push up the country's debt.

"The downgrade of the UK's sovereign ratings primarily reflects a weaker economic and fiscal outlook and hence the upward revision to Fitch's medium-term projections for UK budget deficits and government debt," said the ratings agency.

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http://www.globalpost.com/dispatch/news/afp/130419/fitch-strips-britain-top-triple-rating