Moody's downgrades Britain debt outlook to negative

Credit ratings agency Moody's on Friday downgraded the outlook for Britain's debt, citing mounting policy challenges amid the Brexit debate. The ratings agency Fitch had similarly put Britain on "negative watch" in February. In addition, Britain's "economic and fiscal strength are likely to be weaker going forward and more susceptible to shocks than previously assumed," Moody's said in a statement.

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