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Moody's have just downgraded from stable to negative.
Will be interesting to see how this affects the markets when they re-open.
The ratings agency arm of the anti-growth coalition...
Given the recent efforts doesn’t seem unreasonable. I wouldn’t lend money to a bunch of maniacs either.
Oh.
Loving the fact the statement annoying it explicitly states it's because of that howling tossfest of a mini-budget. No Putin's war or global headwinds flannel, no, just mini-budget. 👍 Moody's.
It won't necessarily make the slightest difference, previous changes to ratings haven't affected the rate guilts have had to offer in the monthly sales.