UK odds on to retain triple-A status, says bookie

Paddy Power odds strongly suggest the UK will retain its Aaa status by the end of the year after ratings agency Moody's put the country's credit rating on negative outlook earlier this week. The bookie is offering odds of just 1/3 the UK will retain its triple-A status - the same odds it is giving Mitt Romney, the favourite GOP candidate, of winning the Republican nomination. The US is in a similar position to the UK, with 4/11 on offer Moody's also retains its Aaa status. In August, rival ratings agency Standard & Poor's downgraded the country's top-notch credit rating for the first ...