Agence France-PresseDecember 20, 2013 07:19
Standard and Poor's on Friday confirmed its top 'AAA' credit rating for Britain, noting the government's commitment to reducing its budget deficit.
It comes as S&P downgraded the European Union's long-term credit rating one notch, from "AAA" to "AA+", citing weaker credit worthiness among the bloc. Britain is part of the EU but not the single currency eurozone bloc.
"Standard & Poor's Ratings Services affirmed its unsolicited 'AAA/A-1+' long- and short-term sovereign credit ratings on the United Kingdom," it said in a statement.