Moody's backs UK bond rating after Scotland vote

AP News
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Posted: Sep 19, 2014 5:30 PM

NEW YORK (AP) — Moody's Investors Services is maintaining its rating on United Kingdom government-backed bonds Friday, a day after voters in Scotland decided against national independence.

Moody's is affirming an 'Aa1' rating, its second-highest rating, and a stable outlook on U.K. government bonds. The firm adds that it has a stable outlook on the bonds, which means it doesn't believe downgrades are likely in the next year to 18 months.

It says the U.K. has "very high" economic strength.

On Thursday 55 percent of Scottish voters voted against breaking away from England, Northern Ireland and Wales to become an independent country.