Budget should 'strengthen confidence' in rating: Fitch

22nd June 2010, Comments 0 comments

International ratings agency Fitch said on Tuesday that Britain's austerity budget should "materially strengthen confidence" in the country's public finances and its top 'AAA' credit status.

"Fitch's preliminary assessment of today's budget is that it sets out an ambitious deficit reduction path that, if delivered upon, will materially strengthen confidence in UK public finances and its 'AAA' status," Fitch's head of sovereign ratings David Riley in a statement.

© 2010 AFP

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