Lower-than-expected spending on energy support and the government’s near-total abandonment of last year’s ‘mini-budget’ have led ratings agency S&P Global to revise up its outlook for the UK.
Councils in the UK entered the cost-of-living crisis in a “solid” financial position due to central government funding, and this position will help the sector in the difficult times to come, a...
The heavily criticised mini-budget has put additional pressure on the UK’s debt affordability and weakened the credibility of government policy, ratings agencies have said.
Transport for London’s short-term outlook has been revised from negative to stable, due to government pledges to support the network's income pressures, according to ratings agency Standard and Poor’...
The UK’s economic recovery from Covid-19 will begin later than previously expected, but will provide accelerated growth in the coming years, according to ratings agency Standard and Poor’s.
The UK’s credit rating could be upgraded if a post-Brexit trade deal is agreed with the European Union, according to ratings agency Standard and Poor’s.
The UK local authority sector could see a future downgrade to its credit rating if a sustained recession leads to further spending cuts, according to ratings agency Standard and Poor’s.
Ratings agency Standard and Poor’s has downgraded the credit rating of an NHS hospital Private Finance Initiative company after identifying “strained relationships” with its commissioning trust.
