S&P puts UK's AAA rating on neg outlook

STANDARD and Poor's has cut the outlook on Britain's AAA credit rating from stable to negative, raising the possibility it could downgrade the rating in the next two years.

"The negative outlook reflects our view of a one-in-three chance that we could lower the ratings in the next two years if the UK's economic and fiscal performances weaken beyond our current expectations," S&P said in a statement on Thursday.

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