Chinese credit rating agency downgrades UK with a negative outlook

UK's credit rating has been cut by the Dagong rating agency of China. The agency blamed the UK's sluggish growth, which it said would be stuck in the 1.3%-1.5% range for two more years, hurting government finances.

Source: http://en.mercopress.com/2011/05/25/chinese-credit-rating-agency-downgrades-uk-with-a-negative-outlook?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss

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