Britain's debt outlook lowered to negative

Britain faces the unsettling possibility of seeing its debt rating downgraded after Standard & Poor's said yesterday it has revised the country's outlook, from "stable" to "negative."

Though the credit-rating agency reaffirmed the country's long-term triple-A status – reserved for the least risky bond issuers – it said the outlook had deteriorated because of massive borrowing to deal with the recession and the banking crisis.


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