S&P reaffirms UK triple A rating

clock

Credit rating agency Standard & Poor's (S&P) has warned of the continuing negative outlook for the UK economy, but reaffirmed its triple A rating for the country.

S&P said it may downgrade the UK from the highest rating in the future if economic conditions worsen and the government's current plans change course. If it took this action, S&P would be following in the footsteps of Moody's which in February became the first rating agency to downgrade the UK from triple A status. S&P said: "The outlook remains negative, reflecting our view of at least a one-in-three chance that we could lower the ratings if the UK's economic and fiscal performances were to weaken beyond our current expectations." It now expects the UK economy to grow by an averag...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK inflation drops to 2.6% to bring 'fleeting' relief as fuel prices fall

UK inflation drops to 2.6% to bring 'fleeting' relief as fuel prices fall

BoE rate hike priced in for 2026

Michael Nelson
clock 22 July 2026 • 2 min read
Andy Burnham to launch ten-year plan for UK

Andy Burnham to launch ten-year plan for UK

Cost of living measures to be set out

Jaskeet Briah
clock 20 July 2026 • 3 min read
Ex-MPC member Jonathan Haskel approved as OBR chair

Ex-MPC member Jonathan Haskel approved as OBR chair

Nominated by Rachel Reeves

Cristian Angeloni
clock 17 July 2026 • 1 min read