S&P confirms top AAA rating for Britain

Standard & Poor\'s rating agency on Friday confirmed its top AAA long-term credit rating for Britain and maintained a stable outlook for the country that is not a member of the eurozone. \"Standard & Poor\'s Ratings Services affirmed its \'AAA\' long-term and \'A-1+\' short-term unsolicited sovereign credit ratings on the United Kingdom. The outlook remains stable,\" it said in a statement. It said that the ratings reflect Britain\'s \"wealthy and diversified economy, fiscal and monetary policy flexibility, and adaptable product and labour markets.\" S&P added that it believes \"the UK government maintains a strong commitment to implementing its fiscal mandate, and has the ability and willingness to respond rapidly to economic challenges.\"