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S&P place UK on negative outlook

S&P place UK on negative outlook
Ratings service Standard and Poor's has downgraded its outlook of the UK's credit rating from stable to negative.

It warned there was a one-in-three chance of the country losing its triple A status within two years if its economy deteriorated beyond expectations.

"We believe this could occur in particular as a result of a delayed and uneven economic recovery, or a weakening of political commitment to consolidation," S&P said.

Green Box: S&P place UK on negative outlookClick to open

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