CDS market suggests UK's triple-A rating in danger

12/5/2008 | Wall Street Journal, The

Despite an insistence from the UK government that it is fine, the market for credit default swaps indicates that Britain may lose its triple-A rating. Other leading EU economies are not experiencing the same steep increase in credit default swaps. However, credit-rating agencies said downgrade of the UK rating is highly unlikely, although not impossible.

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Wall Street Journal, The

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