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10 May 22
Rating agency Moody’s has downgraded Transport for London’s credit rating for the third time since the onset of Covid-19, partly down to ongoing uncertainty over long-term funding.
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10 Aug 21
Government proposals to limit commercial investment by local authorities, including the potential re-introduction of borrowing caps, are credit positive for the sector, according to ratings...
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16 Jun 21
Transport for London’s finances have been “durably and materially weakened” by Covid-19, ratings agency Moody’s said as it downgraded the body's rating for the second time since the start of the...
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19 May 21
Reduced net migration to the UK due to Covid-19 and Brexit could create further pressure on local government finances, according to ratings agency Moody’s.
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11 May 21
A government review of a hospital private finance initiative could lead to a termination of contract, according to rating’s agency Moody’s.
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21 Apr 21
Demands to increase spending after a decade of austerity could limit the UK government’s ability to improve public finances, ratings agency Moody’s has warned.
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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.
10 May 22Rating agency Moody’s has downgraded Transport for London’s credit rating for the third time since the onset of Covid-19, partly down to ongoing uncertainty over long-term funding.
10 Aug 21Government proposals to limit commercial investment by local authorities, including the potential re-introduction of borrowing caps, are credit positive for the sector, according to ratings...
19 May 21Reduced net migration to the UK due to Covid-19 and Brexit could create further pressure on local government finances, according to ratings agency Moody’s.
11 May 21A government review of a hospital private finance initiative could lead to a termination of contract, according to rating’s agency Moody’s.
26 Jan 21The 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.
18 Dec 20The 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.
8 Dec 20The 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.
9 Nov 20Transport for London will rely on future government support until 2023, after agreeing two bailouts this year, according to ratings agency Moody’s.
26 Aug 20Local 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.
24 Jul 20Ratings 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.
23 Oct 15Full 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.
