Moody’s downgrades #UK one notch to Aa3 stable outlook from Aa2 w/neg outlook on low growth, high

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Moody’s downgrades #UK one notch to Aa3 stable outlook from Aa2 w/neg outlook on low growth, high debt and fractious policy environment. Expects govt debt to GDP ratio to peak at 112% by year-end. Sees govt deficit of 18.5% for this year and 7.4% for 2021. h/t Holger Zschaepitz

Moody’s downgrades #UK one notch to Aa3 stable outlook from Aa2 w/neg outlook on low growth, high

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