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English>>Business

Moody's cuts Britain's triple A credit rating

(Xinhua)

13:29, February 24, 2013

LONDON, Feb. 22 (Xinhua) -- International rating agency Moody's on Friday cut Britain's credit rating by notch from AAA to Aa1, citing "subdued" growth prospects and a "high and rising debt burden."

The agency also cut the AAA rating for the Bank of England to Aa1.

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