Fitch strips Britain of top triple-A rating

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.