“Credit Rating

Moody's Credit Rating Agency are widely reported in the media today as warning that the United Kingdom may lose it 'AAA' credit rating thus making it more expensive for this country to borrow money.

Bearing in mind that this Country is now over a trillion pounds in public debt with that figure rising daily in addition to being a trillion pounds in private debt, does the comments made by a Credit Rating Agency matter?”

By Alistairtruro