Britain’s top credit rating is “secure for now” and the country should avoid the fate of the euro area, where nine member states were downgraded by Standard & Poor’s last week, Citigroup Inc. said.

“To be sure, the U.K. suffers from some of the adverse factors cited by S&P to justify the euro-area downgrades,” London-based Citigroup analysts Michael Saunders and Mark Schofield said in a note to clients today. “Nevertheless, in other respects, we think the U.K.’s ability to return to fiscal sustainability is significantly better than most” euro-region governments.

Germany was left with the euro area’s only stable AAA rating at S&P after the ratings company cut nine sovereigns on Jan. 13. Citigroup said the U.K. will retain its rating and “not be placed on negative watch or negative outlook” because of the government’s commitment to reducing the budget deficit and the nation’s flexible monetary policy.

Citigroup also said the U.K. faces less risk of having to support euro-area countries and banks ensnared in the region’s debt crisis. At the same time, the British government’s proposals to protect U.K. lenders’ consumer units will limit its liabilities to backstop them against other losses.

“Nevertheless, of course, the U.K.’s AAA rating would be vulnerable if the economic outlook for 2012-13 proves far worse than we currently expect,” the analysts said, adding that the next hurdle will be Chancellor of the Exchequer George Osborne’s budget in March.

“We do not currently believe that extra fiscal tightening will be needed to keep the deficit edging down in 2012-2013, but if it proves necessary, the chancellor will probably implement it,” they said.

VAVD wrote:

Britain’s top credit rating is “secure for now”

the British are in no danger of a downgrade. Analysts say that the Brit's fiscal policies are on track to keep their debt manageable, and without the harsh austerity measures that most Euro nations are having to implement

So, I guess it means the US is not 'on track to keep its debt manageable'


and its credit rating not “secure for now” in the foreseeable future?

jeanv wrote:


So, I guess it means the US is not 'on track to keep its debt manageable'


and its credit rating not “secure for now” in the foreseeable future?

We are discussing the near-future, not last year. Stay on topic.

And the frogs were bitching that The UK should have been downgraded and not them. tough shit.

LOL - still laughing over this quote from a frog (name withheld to protect the stupid)

But i don't understand why Uk has not been downgraded. Your finances are as bad as France but you have a harsher austerity plan.

It is known.

Dear Froggies and some other assorted euros read my avatar and weep

"LOL - still laughing over this quote from a frog (name withheld to protect the stupid)"


It was my quote. And i gave the answer. Their harsh austerity plan prevented them to be downgraded.

Nappybonesapart wrote:

Dear Froggies and some other assorted euros read my avatar and weep

It is not a big deal.The proof here(if you understand) :


www.fuckfrance.com . . .

simplefrench wrote:

Their harsh austerity plan prevented them to be downgraded.

British cuts haven't been nearly so harsh as those forced on Greece and others, and probably soon to be imposed on you as well.

simplefrench wrote:

"LOL - still laughing over this quote from a frog (name withheld to protect the stupid)"


It was my quote. And i gave the answer. Their harsh austerity plan prevented them to be downgraded.

no need to admit it dude. Whenever idiot or shit for brains comes up. It usually means we are talking about you.

"British cuts haven't been nearly so harsh as those forced on Greece and others, and probably soon to be imposed on you as well"


Of course. But in the case of Greece,it was an emergency.

About France, cuts will be more severe no doubt. But there is no panic,osrry to disappoint you.

simplefrench wrote:


About France, cuts will be more severe no doubt. But there is no panic,osrry to disappoint you.

In your opinion, Simple, what budget areas or programs do you think your government will make cuts in?

"no need to admit it dude. Whenever idiot or shit for brains comes up. It usually means we are talking about you."



We are talking about rating agencies dude, not about your menopause.

VAVD wrote:

simplefrench wrote:


About France, cuts will be more severe no doubt. But there is no panic,osrry to disappoint you.

In your opinion, Simple, what budget areas or programs do you think your government will make cuts in?

They will perhaps reduce vacations and welfare programs. They will add perhaps VAT.

And other things i forget.

Simplefrench is right.

If one is to make economic researches, one is obliged to see the UK does not deserve the AAA statuses.

It is all a game.

And a detail.

Maybe the British would agree to send economic advisers to France to help your people out, Simple. I'm sure they would if Sarkozy and Baroin asked.

VAVD wrote:

Maybe the British would agree to send economic advisers to France to help your people out, Simple. I'm sure they would if Sarkozy and Baroin asked.

One is obliged to see France does not need the help of the Rosbifs.

They should sort their own issues.

The euro is still strong you see?

Standard & Poors were caught out being paid by those that were rating them

Who cares what the ratings agencies say?

Lord_Haw_Haw wrote:

Standard & Poors were caught out being paid by those that were rating them

That could explain why France got knocked down only one notch instead of the two that were expected, or the BBB that is more appropriate.

Lord_Haw_Haw wrote:

Who cares what the ratings agencies say?

I'm going to go out on a limb here and toss out a guess -

Investors?

So UK has AAA but still has the worst quality of life in Europe?

www.guardian.co.uk . . .

As a result, more than one in 10 Britons (12%) said they are "seriously considering" emigrating, with "broken society" the biggest concern for 59% of those questioned, followed by the cost of living (49%), and crime and violence (47%). Just 5% of those questioned are happy in the UK.

"But everything's ok, S&P said we still have the AAA..."

EuropeIsOurs wrote:

So UK has AAA but still has the worst quality of life in Europe?

www.guardian.co.uk . . .

As a result, more than one in 10 Britons (12%) said they are "seriously considering" emigrating, with "broken society" the biggest concern for 59% of those questioned, followed by the cost of living (49%), and crime and violence (47%). Just 5% of those questioned are happy in the UK.

"But everything's ok, S&P said we still have the AAA..."

of course Britain has some serious issues but even if they deserve a downgrade according to the screaming cryings sissified crybaby fWench

the U.K. has its own currency and its own central bank
even if it was downgraded like the US or better yet rated like JAPAN

what are they? negative a or some shit.... WHATEVER,
bond investors have barely flinched

staying for the most part independent from the disastrous floundering contiMental european nightmare has and will spare them a lot of headaches short and long term