In this report, Moody's pointed out that Britain is one of the most competitive in the world's major developed economies. The outstanding advantages of the British economy in its long-term fundamentals, the economic system, and the Government's financial strength. Moody's praised the British government established an independent financial supervision agencies - Budget Accountability Office, to help the Government to consolidate the national financial system. However, to provide support for the needs of the banking system may temporarily delay the British Government's efforts to improve its financial position.
Moody's believes that the UK economy has a prominent structure on the edge, it should give a maximum of 3A rating. But it said the current weakness of the euro zone economy will drag the British economy World Steel Pipe News , and undermine the British Government is pursuing a debt reduction plan world pie network information . Thus, while Britain is not the euro area member states, but the prospects for the future rating of the UK economy, will depend on the development of the euro zone debt crisis.
The world-renowned rating agency, Moody's, the 20th annual investor guidelines report also warned that the British economy is facing serious challenges of rising at the same time maintain the the British 3A highest rating.
Moody's recently re-examination of the credit rating of all European countries, the United Kingdom to maintain the highest rating of Class 3A, no doubt Cameron government will be encouraged, especially in the European Union summit earlier this month, Cameron has just rejected a new EU agreement, face of isolation within the EU.