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26 Jan 21
The UK’s economy has been weakened by significant challenges relating to Brexit, with exit from the single market set to impact medium-term growth, according to ratings agency Moody’s.
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18 Dec 20
The recent restrictions imposed on borrowing from the Public Works Loan Board will make budget management in the medium term more challenging, ratings agency Moody’s has said.
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8 Dec 20
The UK government’s lack of fiscal rules and strategy to tackle record debt are a “major source of uncertainty”, according to ratings agency Moody’s.
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13 Nov 20
The UK’s second Covid-19 lockdown is set to knock a further half per cent off GDP this year, according to ratings agency Moody’s.
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9 Nov 20
Transport for London will rely on future government support until 2023, after agreeing two bailouts this year, according to ratings agency Moody’s.
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30 Oct 20
A London council is set to launch a private placement bond through a digital platform to refinance debt and help fund its capital programme for the next four years.
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18 Oct 20
Ratings agency Moody’s has downgraded the UK’s credit rating for the third time in eight years, citing factors including a deterioration in the quality of the government’s fiscal decision-making.
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26 Aug 20
Local authorities in the UK are set to experience higher fiscal pressures resulting from the coronavirus pandemic than other leading European nations, according to ratings agency Moody’s.
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24 Jul 20
Ratings agency Moody’s has warned that it could downgrade the UK’s credit rating if it fails to provide a credible debt reduction strategy following Covid-19.
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23 Oct 15
Full devolution of business rates to local authorities is set to lead to an increase in council debt levels as they look to borrow to invest in business development, Moody’s has concluded.